⦾ US market in bull zone despite war and tariffs
⦾ Oil retreats to $65
⦾ Indian broad market index CNX500 charges up 2.5% this week
⦾ We’re still in a 10,000 point flag and pole
Global Markets
YTD Performance
Wars can continue and so will global markets !
If you’re following news instead of charts you need to re-think.
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : back to the 50dma
Gold : breaks the 50dma
Oil : back to the 50dma
The Market
CNX500
Besides being in a 10,000 point Flag & Pole, here’s an important stat that cannot be overlooked.
The Golden Cross of 50dma crossing over 200dma on 18/6/25. Last time this happened was on 8/6/23 and the trend lasted till 20/1/25. CNX500 went from 15920 to 21800 =>massive 37% gain in 24 months
We’re in a 10,000 point massive Flag & Pole.
Market Breadth
New Highs / New Lows
Broader market continue to live in the positive zone. Needs to improve.
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, Media, Realty
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
CNX500 is now just 4% away from ATH level and we will start to build new positions
- Enginersin
- Indianb
- Nbcc
- Welcorp
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