⦾ US obliterates Iranian nuclear sites
⦾ Bombs, Battles and Bullion. Gold heading for ATH
⦾ Indian markets showing resilience ”on a friday”
⦾ We’re still in a 10,000 point flag and pole
Global Markets
YTD Performance
Most markets are sideways and waiting to see how the Iran-Israel-and-US conflict ends
World is waiting to see if Iran will go offensive or take a defensive stand ?
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : sideways
Gold : sideways but near ATHs
Oil : sideways after an 8% movement
The Market
CNX500
With US now entangled in the Iran-Israel war, we need to see if any other country raises its head in support of Iran. Hope to see peace talks initiated and everyone agrees to end the war.
We’re in a 10,000 point massive Flag & Pole.
Market Breadth
New Highs / New Lows
Broader market consolidating
Sectoral Analysis
Performance and RS
We compare YTD-RS vs 3M-RS to check sector rotation in market
YTD Basis : Defence, Finance, Pvtbanks
3M Basis : Defence, Realty, Psubanks
Active Investment ideas for next week
Market is now in Stage 2A and heading for ATH post which it will be in Stage 2 uptrend
The current conflict in Middle East restricts us from taking new positions.
Indian market showed resilience but with the new development overnight as US attacked Iranian nuclear sites, we need to see how markets behave on monday.
Getting a follow-through to friday’s buying would be a sign that our markets are really resilient.
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