⦾ US govt shutdown lingers on
⦾ Major IPOs hit Indian markets next week
⦾ No stocks to buy next week due to increased volatility
Global Markets
YTD Performance
US pullsback on worries of a delayed Fed rate cut and so does rest of the pack
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : Back above the 10wma
Gold : At 50dma support
Oil : Downtrend continues
The Market
CNX500
CNX500 : Weekly Chart
Still on pause with a 10wma support. Need to see if we hold or break through this major support.
Still in the handle, expect volatility fakeouts, sector rotations and leaders collapsing.
We’re in a 10,000 point massive Flag & Pole.
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
Best to avoid trading the next week due to increased volatility and global sentiment being negative.
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