Nifty at All Time highs and even Global Indices at 52 week highs.

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Over the last few weeks its all been about the Broader Markets.

But with Nifty in touching distance of all time high. May make a new high today or next week possibly.

The good part it is not just India outperforming.

A lot of global indices nearing or making 52 week highs.

A quick look at Global Charts.

Dow Jones – New 52 week highs.

DJI

S&P 500 – Nearing 52 week highs.

snp500

Nikkei – 4-5 attempts done.

Now setting up for 52 week highs.

Nikkei Breaking out

Dax – Getting close to new 52 week highs.

Dax

Sectors to watchout for

  • Oil and Gas Sector has made a strong comeback. Some Public Sector companies are hitting new all time highs/5 year highs. Interesting long term charts. Neglected sector.
  • Housing Finance stocks are breaking out.
  • SpecialtySteel a sector to watchout in Smallcaps.
  • Broking Companies have continued in a strong trend. The underperformer could surprise here. Even AMCs are shaping up.
  • Largecap Banking space could see a bounce. Leaders like Axis Bank have hit new all time highs.
  • Auto continues to outperform. Time for a pause.

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Registration No. INH000008075



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