⦾ An Ounce of Silver Is Now Worth More Than a Barrel of Oil

⦾ Silver up 10% on a friday, monday indian markets will rejoice on open

⦾ Nifty range bound for 10th week

⦾ Indian equities still not ready

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Global Markets

YTD Performance

SPX50 : at ATH

US100 : heading for ATH

Nifty50 : heading for ATH

3-Macros

$₹ / Gold / Oil

We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil

USD/₹ : consolidation

Gold : ATH

Oil : in downtrend

The Market

CNX500

CNX500 : Weekly Chart

We are now into the 10th week of consolidation…year will end on a flat note for equities.

Tracking Leadership

Indices, Sectors, Industries

We track leading indices on YTD basis and Leading Themes on Sector and Industry Level

YTD Leaders : Psubanks, Defence, Auto

Leading sectors : Metals/Mining, Banks, Auto

Leading industries : Auto, Metals/Mining/Minerals, Aluminium

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Investment ideas for next week

Indian Market still not favorable for investing so nothing to do next week in Equities.

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Your job as an investor is to find the next apple and handle it well.