⦾ ‘Jane Street’ breaks ‘Dalal Street’
⦾ Trump to announce on Russia, Monday
⦾ Silver and Bitcoin at new highs
⦾ Everyone expecting break-out, market breaks-down
Global Markets
YTD Performance
Everyone is waiting (predicting) for a pause in US Indices and stocks but they just keeps going up 🙂
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : sideways
Gold : bouncing around the 50dma
Oil : its in a long term downtrend but Trump keeps spiking it
The Market
CNX500
We are in an on-going uptrend, we’ve had 2 pullbacks which dint reach till the 50dma. This is a great sign that market is strong and this is a buy on dips market.
We need to watch if the current pullback holds and takes support at the 50dma to continue its trend upwards.
Break of the 50 will change the things as we would go back into Stage 3.
We’re in a 10,000 point massive Flag & Pole.
Market Breadth
New Highs / New Lows
Broader market continues to live in the positive zone.
Sector Rotation underway.
Sectoral Analysis
Performance and RS
We compare YTD-RS vs 3M-RS to check sector rotation in market
YTD Basis : Defence, Finserexbnk, Finance
3M Basis : Defence, Realty, Metal
Active Investment ideas for next week
As market is currently in a downtrend “LH” formed we wait for a trend change to buy again.
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