Last 1 week top outperformer

METAL & MINING

Capital Cycles

Where we are at current stat ??

Let understand with example

Capital Cycle With example of Toy Shop

Step 1: Good Times, Many New Shops
- One toy shop makes a lot of money.
- Everyone thinks toy shops are great, lets open more.
- Many new toy shops open.
- Owners and investors feel happy and hopeful, optimistic.

Step 2: Too Many Shops, Money Goes Down
- Lots of toy shops but same number of kids buying toys.
- Each shop sells fewer toys.
- Profits fall, share prices do badly, underperform.

Step 3: Shops Close, People Become Sad
- Some toy shops lose so much money they stop buying new toys.
- They may shut down.
- Fewer shops stay open.
- Owners and investors feel sad and scared, pessimistic.

Step 4: Fewer Shops, Good Times Start Again
- Remaining shops have less competition.
- They sell more toys again.
- Profits go up, share prices do well, outperform.
- People think toy shops are good business again.
- Story goes back to Step 1.

One more example based on Airlines

Early Phase Indian Airlines (1992–2005)
List of Early Entrants

East West Airlines (1992)
Jet Airways (1993)
Air Sahara (1993)
ModiLuft (1993)
Air Deccan (1996 / rebranded as Deccan Aviation)
Kingfisher Airlines (2005)

IndiGo (2006) ✅
SpiceJet (2005) ✅
Vistara (2015) (merged into Air India)
Air India (legacy, revived under Tata Group)

Look at the early phase , nobody survive in early phase

One more example In telecom earlier many player

Now top 3 player control entire market

earlier 8 to 10 name

Good morning

Good morning

NIFTY NEAR TO SUPPORT ZONE 25500 - 25800

SMALLCAP

Trading below key EMA at weak zone

If yesterday low break we may see again below 17000

THERE IS NO BUYERS IN THIS MARKET

Major Liquidity suck by IPO

FII continue selling from Indian market

very difficult to trade in this phase

Dont jumped up blindly in any stock

After many days seeing big drop in USDINR

it fall further or again make new low ??

Very deep meaning

Good morning

Nifty50 Performance Update

YTD 2025 Returns
Nifty50 has delivered +9.2% returns year-to-date in 2025.

Historical Context
The last calendar year of negative returns for Nifty50 was 2015.
Since then, the index has posted 9 consecutive positive years.
2025 is on track to become the 10th consecutive positive year.

Market Risk Disclaimer
Investments in the securities market are subject to market risks.
Read all related documents carefully before investing.

Weak rupee supportive for IT companies

Upcoming result could be better

IT companies showing strength