⦾ India-US Trade deal done and so it the bottom
⦾ US30 at ATH, tech takes a back seat as consolidation continues
⦾ Metals start next leg but remain volatile, stay cautious
⦾ Don’t just jump into india equities, yet !
Global Markets
YTD Performance
SPX50 : back above the 50dma but in consolidation
US100 : rangebound since Nov’25
Nifty50 : in Stage 3, faces 50dma resistance
3-Macros
$₹ / Gold / Oil
We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil
USD/₹ : sideways but above 10wma
Gold : sideways but above 10wma
Oil : sideways and sustaining above the 10wma
The Market
CNX500
CNX500 : Weekly Chart
The budget dint give a bottom but the India-US Trade talks completion sure did for now.
Though broad market is looking sideways, it definitely has some upside potential. Facing technical resistance of 10wma
Tracking Leadership
Indices, Sectors, Industries
We track leading indices on YTD basis and Leading Themes on Sector and Industry Level
Leading indices (YTD) : Pse, Metal, Psubank
Leading sectors (Daily) : Power, Energy, Metals
Leading industries (Daily) : Steel, Shipping, Refineries
Investment ideas for next week
The budget did not seem encouraging for the markets but the India-US trade deal put in the interim bottom for now.
Metals are back in action and 2026 seems to be the year of metals just like 2025, atleast last 2 months did.
We start to pilot test equities once Cnx500 closes above 23900 which is near highs of last week.
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