We retired our "Five Bull Market Barometers" in mid-July last year 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.
We debuted a new scan recently which goes by the name- All Star Momentum.
All Star Momentum is a brand new scan that pinpoints the very best stocks in the market. This time around, we have incorporated our stock universe of Nifty 500 as the base. Among the 500 stocks that we follow, this scan will pump out names that are most likely to generate great returns.
While we go through our lists of sectors and stocks on a weekly basis, we thought of launching a product that would highlight the names that are the strongest performers in our universe and those that are primed for an explosive move.
Just like The Outperformers scan, this is a list of stocks belonging to the sectors that display relative strength in the market at any given point in time. Since sector rotation is the lifeblood of a bull market, we will be ahead of the curve before the gears keep shifting.
Today we're here to discuss with you our process of Top/Down Analysis. As we go on our way, we'd like to take you along on this journey as well.
With the market sectors passing the baton of strength to one another, one sector stood out. PSU banks not only stood out in terms of the outperformance that we're witnessing but also simply because they are PSU Banks. When was the last time one was bullish PSU Banks?
Those who've had their fair share of capital loss in the past have had something to do with PSU banks. For sure.
But has the tide turned? Are we entering a bull market when it comes to this sector? Let's take a look!
We retired our "Five Bull Market Barometers" in mid-July last year 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.
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.
Monthly Charts are very important to us. As a team, we regroup several times, but monthly charts put us on the same page, without having to discuss it.
Process is an important aspect of any activity. And so, Monthly Charts analysis is an important aspect of our research. Without this, it is easy to get swayed in the short-term moves and get carried away by them.
You can sign up for our Monthly Strategy Call and get the whole update of the market. We're here to provide a glimpse of what's going on.
This week we’re looking at a long setup in the Infrastructure sector. The market has been quite selective over the past two weeks but we saw strength come through in pockets. Here is one such example.
We retired our "Five Bull Market Barometers" in mid-July last year 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.
Today, we are here to discuss the areas of the market where despite today's correction, we saw some strength.
Using relative strength charts for analysis is a great tool to have. But there is another way to look at it. When the market is correcting and certain stocks are going up, that is information. That is relative strength. And vice versa of course.
So let's take a look at the sectors that were displaying strength.