⦾ World is waiting for Modi-Xi-Putin meeting output
⦾ Time to move to commodities as Gold and Silver breakout
⦾ FIIs pull out nearly Rs 35,000 crore from Indian equities in Aug
⦾ All eyes on GST council meet
Global Markets
YTD Performance
US continues to hit ATHs, China begins to rise, no respite to India yet as it breaks down.
All eyes on “Modi-Xi-Putin” meeting this weekend.
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : New ATH printed as India govt allows weakening
Gold : ATH
Oil : sideways
The Market
CNX500
Heading for a double bottom (lower / higher) with support of the 200dma at 22200
Probably a W-pattern if it holds with D40 support
We’re in a 10,000 point massive Flag & Pole.
Market Breadth
3 Pillars of the Market
Net NH/NL : Negative
% stocks above 20dma : should be > 50% : below 50%
Cnx500 above / below 20dma : should be above : Below 20dma
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
Time for a holiday next week !
Hubtown
Weekly Chart
KRBL
Weekly Chart
ITCHOTELS
Daily Chart
M&M (Futures)
Daily Chart
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