Life is not just about stocks! There are plenty of opportunities in the commodities market and I think today is no different. In fact, we're seeing more ways of making money on the commodities exchange in this current market environment than we have throughout the past year.
Today we're diving into the MCX to isolate only the best risk vs reward opportunities. These will all be added to the Chartbook in the coming days/weeks. Here are my notes and trade ideas for now:
While we always incorporate a top/down approach to markets, we ultimately end up with individual stocks ideas with favorable risk vs reward propositions skewed in our favor. That's the point of all this. As you can see here, we first start with the major Indexes, then work our way down to individual sectors and industry groups, and finally to the strongest stocks within the strongest sectors to find buying opportunities.
Today we are looking specifically at the Bank stocks within the NIFTY50 Index. Not all of them are good buying opportunities but there are a handful of them that I think we need to be buying on weakness.
We don't just want to look at one index when we make decisions about the risk appetite for stocks in the current market environment. The idea is to look at all of them collectively. All of the Indexes in India can be found in the Chartbook updated on a regular basis with comments and annotations.
Today I wanted to point out the strength that we're seeing in one Index that stands out compared to what we're seeing in another. The focus of this post is in the value of the NIFTY NEXT 50 compared to just looking at the NIFTY 50 in isolation.
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.
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, December 21st 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 every other live call since our launch.
Register here for our live monthly conference call for Premium Members of All Star Charts India.
December's Strategy Session will be held on Thursday, December 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.
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 Wednesday, November 17th 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 every other live call since our launch.
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, July 20th 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 every other live call since our launch.
Register here for our live monthly conference call for Premium Members of All Star Charts India.
July's Strategy Session will be held on Wednesday, July 7th 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.
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, June 22nd 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.
Register here for our live monthly conference call for Premium Members of All Star Charts India.
June's Strategy Session will be held on Tuesday, June 8th 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.