So today, what we’re going to do is we’re going to have an Ask Weekend Investing round, round number 32. We’ve been doing this in the past and now continuing to do that. We’ve basically collected a series of questions from the viewers, and we’re going to answer those queries. This will likely be something we do every Friday going forward.

Where is the market headed?

Market Overview

Markets are pulling in a surprise 1.1% up on Nifty. This was nobody’s guess four days ago. We were looking for a pullback to target number two, which was the pivot high of the previous down candle. I think the market has surprised everybody right now, and of course, there is optimism and some hope for unexpected news in the budget. Maybe the market knows something we don’t—that’s the best guess we can make at this point. Usually, if I can say more often than not, the market would not have rallied this hard if there was anything really bad in the budget. So, I think a bad budget is out of the window for most part. I would say 99% we will not get a bad budget. Yes, it may be a lame budget, and we may slump a bit post that. That’s the best guess I can make from these price moves.

Nifty Next 50

Nifty Junior also gained 1.5%. A decent day for Nifty Junior.

Nifty Mid and Small Cap

Nifty Mid Caps were up 1.73%, showing a very sharp comeback on mid caps. You can see that we are now very near the entire breakdown point of the current month. Small caps were also up 1.7%, though they still have some gaps to close. So, small caps are a bit nervous still, but it’s a decent bounce nevertheless.

Nifty Bank Overview

Bank Nifty is also now challenging the previous high, up 0.56%. All in all, I think this week has been good. Nobody at the end of last week was expecting this kind of week, so we’ve kind of overachieved the general expectations.

Advanced Declined Ratio Trends

407 advances to 91 is always welcome

Nifty Heatmap

he heatmap is mostly green—whether it is FMCG, autos, energy, IT, or even infrastructure stocks, and general stocks were also green in the Nifty Next 50 space. However, pharma was down, and Bank of Baroda specifically was down. But there was a good run in most public sector enterprise stocks, as well as Adani stocks, power stocks, and cement stocks

Sectoral Overview

in the sectoral trend. You can see that public sector and energy stocks have zoomed up by 2.6% each, FMCG up by 2%, and real estate up by 1.9%. Real estate has now made a comeback of almost 8% in the last week. Most sectors have now turned green for the last one week. Metals are down half a percent, IT down 2%, and pharma is down 2% for the week gone by. So, overall, a very good week. It is giving a lot of confidence to people who had just kind of given up on the market five days ago.

Sectors of the Day

Nifty PSE Index

Public sector enterprise stocks are making a good comeback, with a good bounce in stocks like NHPC, Gail, Bhel, IRCTC, BEL, and others doing very well.

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