⦾ Trump takes a bite of the Apple
⦾ Europe gets jittery as Trump tantrums are back, 50% tariffs from June 1
⦾ Monsoon hits kerala, earliest since 2009
⦾ Bitcoin hits new ATH, Gold on the move again
Global Markets
YTD Performance
May makes everyone jittery but CNX500 moved 1500 points in May which is 6.50%
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : made a bull trap and back below the 50dma
Gold : bounces off 50dma support
Oil : lives below the 10wma
The Market
CNX500
Technical / mandatory pause by CNX500 and makes a pivot giving a B3 entry point
We’re in a 10,000 point massive Flag & Pole
Market Breadth
New Highs / New Lows
Hanging by a string but net breadth remains positive which is a great sign for the market
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 : PSE, Finance, Oil & Gas
Active Investment ideas for next week
Market is still in Stage 3 and so going full throttle is risky as volatility will remain high which cannot be managed due to sudden gap downs / squats which can be seen in many stocks
AUBANK
WEEKLY CHART
INDOSTAR
WEEKLY CHART
RPOWER
WEEKLY CHART
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