⦾ Hedge funds have sold a net $1 trillion of shares this year in US
⦾ Pahalgam strikes hearts and sensex
⦾ IT Index up 4%, makes a point : IT isnt going anywhere
⦾ Gold back to consolidation
Global Markets
YTD Performance
EU50 takes the lead as Nifty takes a dip. Volatility remains high
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : staying below the 50dma
Gold : new ATH but in consolidation zone
Oil : remains below the 10wma
The Market
CNX500
We’re at the 40wma which is working as a resistance, normal price action.
The 10wma turns up !
We are still below the 200dma…volatility will remain high but the Tape also tells that we’re in a 10,000 point massive Flag & Pole…
Net NH/NLs
We are in week #2 with Net figures rising
Market Breadth
New Highs / New Lows
Living above the zero line
Sectoral Analysis
Performance and RS
We compare YTD-RS vs 3M-RS to check sector rotation in market
YTD Basis : Finance, Pvtbanks, Commodities
3M Basis : Finance, Pvtbanks, Commodities
Active Investment ideas for next week
NONE : volatility is high
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