Over the last few weeks its all been about the Broader Markets.
But with Nifty in touching distance of all time high. May make a new high today or next week possibly.
The good part it is not just India outperforming.
A lot of global indices nearing or making 52 week highs.
A quick look at Global Charts.
Dow Jones – New 52 week highs.
S&P 500 – Nearing 52 week highs.
Nikkei – 4-5 attempts done.
Now setting up for 52 week highs.
Dax – Getting close to new 52 week highs.
Sectors to watchout for
- Oil and Gas Sector has made a strong comeback. Some Public Sector companies are hitting new all time highs/5 year highs. Interesting long term charts. Neglected sector.
- Housing Finance stocks are breaking out.
- SpecialtySteel a sector to watchout in Smallcaps.
- Broking Companies have continued in a strong trend. The underperformer could surprise here. Even AMCs are shaping up.
- Largecap Banking space could see a bounce. Leaders like Axis Bank have hit new all time highs.
- Auto continues to outperform. Time for a pause.
I do keep posting Stock Specific Charts on – The Idea Lab – An Idea Generation Platform.
Check the full product details
The Idea Lab - An Idea Generation Platform!
It's already been a year since we launched our product as the 'Technical Traders Room' and we've learned so much along the way!
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· Blogs/Podcasts/Interviews discussing stocks. etc. etc. and much more!
So, what's new with The Idea Lab?
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o A stop loss can serve as a tool for exiting trades that aren't moving in your favour.
o The target mentioned is an initial upside based on chart patterns but trends can last longer, so use it as a tool to calculate your risk and sizing
· We're adding our Insider Trading updates to The Idea Lab. Tracking promoter activities in the open market has led us to some fantastic investment opportunities. Check out our Top 10 Insider Trading Smallcase!
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Who should consider other options?
· If you're looking for high-conviction recommendations with a well-defined risk management system and follow-up (check out our Technical Traders Club Offering).
· In a nutshell, only subscribe to The Idea Lab if you believe you can use our ideas as a valuable resource for your own trading/investing decisions.
Here are our subscription plans (Incl. GST)
· Monthly: Rs. 1500
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· Yearly: Rs. 15000
For existing subscribers of Technical Traders Room, the new charges will only apply on renewal
Ready to get started?
Here's the subscription link: rigi.club/jcp/l7BZLqDa7i
After subscribing, you'll be added to our Telegram and Rigi Channel within 24 hours.
And if you have any questions or need assistance, don't hesitate to WhatsApp us at 7977801488 – NooreshTech.
Mr. Nooresh Merani
SEBI Registered Research Analyst
Registration No. INH000008075
