⦾ Pahalgam pain continues bringing uncertainty to markets
⦾ The volatility of staying below the 200
⦾ FIIs are back but will they stay?
⦾ It’s May and so sell in May and go away but really would you ?
Global Markets
YTD Performance
Global markets seem to be resilient to Trump Tariffs….90 days tariff pause ends on 31/7/2025
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : staying below the 50dma
Gold : consolidation time
Oil : gets weaker as living below the 10wma
The Market
CNX500
With 200dma acting as resistance we have 2 scenarios for next week
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
Market Breadth
New Highs / New Lows
Breadth needs to pick up for bulls to be able to hold their guard
Sectoral Analysis
Performance and RS
We compare YTD-RS vs 3M-RS to check sector rotation in market
YTD Basis : Finance, Pvtbanks, Oil&Gas
3M Basis : Finance, Pvtbanks, Oil&Gas
Active Investment ideas for next week
NONE
Market is in the choppy “Stage 3” where money is lost in both longs and shorts. Sit on the sidelines is what the tape is telling us.
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