US Markets Update –
Getting into oversold zones

https://nooreshtech.co.in/2023/10/us-markets-update-getting-into-oversold-zones.html

What a few garment export companies have to say about the current export scenario?

Gokaldas Exports
We are expecting the momentum to pick up in the second half of the year particularly with Q3 production for spring 2024 as brands have destocked their inventory and are increasing their order placements. This is also a period of increased sourcing from India. We anticipate sequential growth trend up in the next two quarters

Banswara Syntex
The overall pick up in the industry is expected to happen in Q4, with the destocking being mostly done in Western countries, this destocking process will kick start the process of placing new orders even in the Indian companies.

PDSL
While there has been an impact of the factors that I mentioned in the beginning on the demand, on the revenue in the first six months, we believe these trends are beginning to bottom out in various parts of the world and as a result we should see that the sector in general and companies specifically should start benefiting from it in the second half of the year.

PGIL
If I talk of US where there was an inventory situation. So, most of the retailers were placing almost 30% less business in the last couple of quarters. Now what we are seeing is that they are definitely increasing from that, I would say from a minus 30, 35 range, they are coming out to a minus 10, minus 15 range

Nifty50 USD – Why to look at this Index.
• FIIs continue to be the largest shareholders of Indian Stocks at 16-20%
• FII flows still remains a big number. Even though DIIs have now started to change this equation.
• Historically tops of Nifty50 USD have been very important resistances.
Check post for more charts.
Nifty/Sensex crosses 2021 highs in Dollar Terms. Breakout Chart Radar–Adani Ports, ICICI Bank, SBI.
https://nooreshtech.co.in/2023/12/nifty-sensex-crosses-2021-highs-in-dollar-terms-breakout-chart-radar-adani-ports-icici-bank-sbi.html

I will be there to solve your doubts in the Stockedge Club Exclusive Ask Me Anything Session on Dec 20th, Wednesday

Let’s Connect & Discuss:
https://register.gotowebinar.com/register/4856426747333497180

Few interesting consolidation breakouts on radar

A lot of charts are consolidating for a long time and showing some signs of trend change and breakout.

We have listed a few of them which are on our radar !!

Do check them out !!

https://nooreshtech.co.in/2023/12/few-interesting-consolidation-breakouts-on-radar.html

Key Insights from Anil Kumar Goel - A Thread

https://x.com/nooreshtech/status/1739969261626363921?s=20

Hits and Misses – ‘The Idea Lab’ – Dec. 2023

Hey there, check out these before-and-after charts of ideas shared on the The Idea Lab channel!

We're gonna spill the beans on the best and worst performers, but these are just a few highlights from the many ideas shared on the channel.

So, when you look at those charts, try to put yourself in the shoes of the traders who spotted these ideas. What were they thinking when they spotted the opportunity? How did they react to the chart and stock movement after that? It's a fantastic learning experience !!

Happy charting and good luck with your trades!

https://nooreshtech.co.in/2023/12/hits-and-misses-the-idea-lab-dec-2023.html

Mad Market or Just out of a Sad Market. Part 1

Market Kya Lagta Hai & Is there Madness in the Market. - As usual we will try to see it with different Angles and Data.

https://nooreshtech.co.in/2024/01/mad-market-or-just-out-of-a-sad-market-part-1.html

Will it be a

1) V shape reversal or

2) A consolidation with new lows with positive divergence or

3) Sideways consolidation

is a tough call to take now.

But the oversold conditions make it a good risk-reward zone for entry into smallcaps.

Accumulate over the next few months.

Stocks may bottom out at different times from index.

Indian Elections and Markets !!

How are we placed before the upcoming 2024 election results?

Free PDF Report

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Indian Elections, FII Shorts, Flows, Sectors & Stock Picks

youtu.be/61TFuvqyrYk

A new study from the SEBI on Intraday trading by Individuals in Equity Cash Segment

An interesting thread !!

https://x.com/nooreshtech/status/1816102060049170861