Every month I host a conference call for All Star Charts India Premium Members where we discuss ongoing themes throughout the India Share Market. We take a look at all of the NSE Indexes and Sectors as well as some of our own custom indexes. At Allstarcharts we have become known around the world for the top/down approach to stocks. After we analyze each of the indexes and sectors and have identified where the strength and weakness lies, then we break it down to individual stock opportunities. By having momentum, relative strength and market trend in our favor, the probabilities of success increase dramatically.
Stocks in India are going up, on both an absolute and relative basis. Let's not forget that. So it's our job to isolate the ones with the most favorable risk vs reward scenarios. The idea is to risk the least amount in the case that we're wrong, but be able to profit the most when we're right. This week I put together a list of the stocks with attractive setups in the NIFTY50 Index. Today we're focusing on the NIFTY Next 50, which are the remaining stocks in the NIFTY100.
As we enter the second quarter I would say there are mixed signals coming from different markets. My conclusion is that there are more positives than negatives. One in particular that stands out is the strength in Indian Banks. A few of them are pushing up against new highs and both the relative strength and positive momentum in such an important sector can't be ignored. Also, we're seeing strength around the world in Emerging Markets, India included. I think we're finally seeing the rotation back into India on a relative basis.
Today we're going over some of the more favorable risk vs reward opportunities within the NIFTY50 Stocks:
Every month I host a conference call for All Star Charts India Premium Members where we discuss ongoing themes throughout the India Share Market. We take a look at all of the NSE Indexes and Sectors as well as some of our own custom indexes. At Allstarcharts we have become known around the world for the top/down approach to stocks. After we analyze each of the indexes and sectors and have identified where the strength and weakness lies, then we break it down to individual stock opportunities. By having momentum, relative strength and market trend in our favor, the probabilities of success increase dramatically.
Thank you again for being a founding member of Allstarcharts India. You came at a good time - the early stages of the build out of this Technical Analysis Research Platform. As you can see, the Monthly Conference Calls have been live and archived each month so far this year. We will continue with this routine every month moving forward and you can access all of them here: January 2018 and February 2018.
In the next couple of weeks you will be seeing several additions to the platform for Premium Members including several additional notes per week, an enhanced trade ideas page and an expansion of the Chartbook. We're really looking forward to this expansion that we have been working on for a long time. Thanks for your patience!
These are the registration details for our live monthly conference call for Premium Members of All Star Charts India.
This month’s Conference Call will be held on Tuesday February 16th at 7PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since our launch.
Every month I host a conference call for All Star Charts India Premium Members where we discuss ongoing themes throughout the India Share Market. We take a look at all of the NSE Indexes and Sectors as well as some of our own custom indexes. At Allstarcharts we have become known around the world for the top/down approach to stocks. After we analyze each of the indexes and sectors and have identified where the strength and weakness lies, then we break it down to individual stock opportunities. By having momentum, relative strength and market trend in our favor, the probabilities of success increase dramatically.
Say what you want about rubber and tyres, but they seem to be a great business. I have a stock today that I wanted to share with you that I think does well moving forward, but also outperforms the rest of the auto industry.
We are getting the breakouts we've been looking for in the IT Sector. We're not just seeing it in the sector itself, the breakout is coming on a relative basis as well. The IT Sector has been a terrible underperformer the last several years. In fact, it peaked relative to the rest of the market in 2014, over a year before it peaked on an absolute basis. It's 2018 and things are different.
Today we're taking a look at the IT Stocks in India and which ones we need to be buying.
Register here for our live monthly conference call for Premium Members of All Star Charts India.
January's Strategy Session will be held on Tuesday, February 2nd at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with all of our past conference calls.
