⦾ Global markets are not going anywhere, so is trading in 2026

⦾ Metals shining, rally now eclipsed

⦾ Stocks, Metals, Commodities, Crypto : all need a reset!

⦾ Tough times for all full-time traders

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Global Markets

YTD Performance

SPX50 : sideways

US100 : rangebound since Nov’25

Nifty50 : in Stage 3, continues lower

3-Macros

$₹ / Gold / Oil

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

USD/₹ : new ATH

Gold : massive shakeout

Oil : sustaining above the 10wma

The Market

CNX500

CNX500 : Weekly Chart

Stage 3 continues… CNX500 is now down 9% from ATH, can the budget give a bottom?

Tracking Leadership

Indices, Sectors, Industries

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

Leading sectors : Defence, Banks, Energy

Leading industries : Oil, banks, electronics

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Investment ideas for next week

Budget ‘26 day saw very high volatility. Seems market is not happy with the FM with broad market closing 2% negative.

Budget focusses on sme/msme, tax sops for co-operatives, foreign travel, semi-chips, foreign investment, rare earth metals and pharma. Capital markets were left high and dry. But in a good way increasing STT may keep some away from gambling the markets.

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