⦾ India under fire from Trump over Tariffs, 20 days to avoid 50% Tariff
⦾ Hunt is on for new Fed Chair
⦾ Gold at new highs after 3months, up 29% this year
⦾ Un-noticed silver is up 31% for the year
Global Markets
YTD Performance
US back to new highs, Japan getting into momentum and near ATH
CNX500 still not showing any signs of bottoming
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : Made a new ATH this week
Gold : Marching strong
Oil : Continues lower
The Market
CNX500
Price heading for 22195-22000 which is the support zone and also near 200dma
We’re in a 10,000 point massive Flag & Pole.
Market Breadth
New Highs / New Lows
Broader market continues to live in a negative-but-flattish zone.
Tracking Leadership
Indices, Sectors, Industries
We track leading indices on YTD basis and Leading Themes on Sector and Industry Level
Active Investment ideas for next week
As market is currently in a downtrend we wait for a trend change or for CNX500 to take support and turn from here.
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