⦾ AI jitters are driving markets crazy (where’s Trump nowadays?)

⦾ US100 is going nowhere, so is the US market

⦾ Gold & silver possibly still have steam left

⦾ Markets still not inviting investors and definitely not traders!

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Global Markets

YTD Performance

SPX500 : Stage 3

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/₹ : around the 10wma

Gold : still above 10wma

Oil : sustaining above the 10wma

The Market

CNX500

CNX500 : Daily Chart

The gap down on Friday directly below the 50dma is telling us that something is not right in the Indian market.

Big gap to be closed before finding support.

Tracking Leadership

Indices, Sectors, Industries

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

Leading indices (YTD) : Psubank, Pse, Metal

Leading sectors (Daily) : Auto, Media, Fmcg

Leading industries (Daily) : Aquaculture, Auto (lcv, hcv), Auto (2 wheelers)

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Investment ideas for next week

No new positions till there’s a catalyst to take it higher.

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