We've been outlining our thesis for weakness in Indian Equities for over a month now, but that was a tactical call within the context of bullish longer-term picture.

Unfortunately, with the last week or two of action, we've seen an expansion of stocks participating to the downside which suggests this near-term weakness could continue for the rest of the fourth quarter. Rather than the weakest stocks catching up to the leaders, the leaders are now catching down to the weakest names.

Let's take a look.

We've been outlining our thesis for a choppy environment in stocks both in India and globally for several weeks now and evidence continues to build that the market agrees with us.

With weakness in the broader market, sectors and individual stocks that have not participated remain at risk to lead to the downside.

Today we're looking at the Auto sector, which looks vulnerable to a swift 10% move to the downside if support at its multi-month lows breaks.

We've been highlighting the relative strength of certain Gas names in the Energy space since August, and they've worked wonders on the long side.

Although we've issued several tactical updates since then (December and January), I wanted to use today as an opportunity to revisit this thesis and update our approach given many of our price objectives have been hit.

The Fast Moving Consumer Goods Index continues to chop around, but there remains an opportunity in many individual index components on the long side (while avoiding the weak ones).

Two weeks ago we outlined our thesis for near-term weakness in stocks in India and around the globe.

Since then we've outlined additional information that seems to support the thesis that the next few weeks, and potentially months, are to be a choppy environment. (Feb 1, Jan 27, Jan 26, and Jan 25).

After some downside follow-through, many are asking: How low can we go?

This post is a quick update on a name in the Consumer Goods' space that we've been watching for a breakout, as well as two other names worth putting on your radar.

In our last post, we wrote about two stocks we wanted to be avoided as they're showing relative weakness.

Today our attention turns to the Energy Sector which is making 1-year lows relative to the Nifty 500. Let's take a look.

In this quick post, we're looking at two widely-followed stocks that we want to be avoiding, each for their own, but similar reasons.

Let's get into it.

We've gotten a few questions about the stock, Spencer's Retail Ltd., since it rallied more than 50% over the last few weeks on news of a large shareholder building a position.

The question now is, can this run continue and how do we define our risk if involved in the stock?

Let's take a look.

Yesterday's candle in most of the major indices was a "Bearish Engulfing" candle, which is a short-term reversal signal when it comes in an uptrend.

In today's post, I want to bring that development to your attention and explain what it means within its longer-term context.