The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
Gold as a commodity is close to the heart coming from India. It is generally the first instrument of investment. Most often it's also the first gift for a newborn baby. We also have important days such as Akshaya Tritya and Diwali when retailers consider buying gold auspicious.
The inherent faith in the yellow metal to save us from bad days has been a part of the psyche for a long time. With that in mind, the levels to track in Gold become important from a personal and professional standpoint.
Gold has been battling several levels of resistance for a while now. The last time that Gold was making waves in the market was in August 2020 when the price traded close to 56,200. Since then, the price has been on a sideways journey.
In the week gone by, the price slipped below the support of 50,670.
So what are the levels we're tracking now after this move? Let's take a look!
Not much has changed in terms of the market trend. What we're observing keenly is if support levels hold in the short-term scenario. There are bouts of strength coming through in certain sectors and today's stock comes from the FMCG sector.
We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
Global markets have been in a mess for a while now. For some time there, India was displaying resilience when it came to the broader market indices. But that has changed over the past few days.
We have seen a selloff come through in the market and it is time to revisit the levels that could be crucial going forward.
The market remains in a volatile territory. We have just a few industry groups which continue to show relative strength. The defense sector is one of them.
We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.
As we progress into Q1 of Fiscal Year 2022-2023, this playbook outlines our thoughts on every asset class and our plan to profit.
This playbook will cover our macro view, touching on Equities, Commodities, Currencies, and Rates, as well as outline our views on the major nifty indices and the sector/thematic indices.
We also cover individual stocks we want to be buying to take advantage of the themes discussed in the playbook.
The market is messy and continues to remain so. There are only a select few names that are displaying the strength with consistency. In a messy market, that's the best area to focus on.
