Morning Sectoral Glance - This saves me from errors quite often

Aug 22, 2023

Generally traders and investors follow every morning- news, analysis, research reports & opinions

I am slightly different that i ignore almost all macro, TV news - unless it is stock specific, material (like earnings or M&A) - during trading cycles. These are the things that have kept me out of trouble

1. Sector Analysis - Having all the sectors up on either Tradingview or Trendlyne (which i love btw)
   
2. 3 Rower Philosophy - What is my stock, its sector and the overall Market doing? (Courtsey William O Neil - who I consider to be the greatest stock teacher ever)
   
3. Look at things in context to the news - the biggest setups come when the stocks are doing something different from the overall news
   

Just listening to Nifty analysis, news, what XYZ is saying etc has lost me a lot of money. I think the current process I follow now is far better and objective. Please comment or share if you like this - please feel free to suggest any topics as well!
PS - the objective of this channel is to learn and share, and not a commercial venture for me

Aug 31, 2023

Note

On the 31st of August - despite all the bad news (China Deflation, German Inflation, Fed Speak, Blah blah) - the following sectors / groups cleared life highs
** Small Cap Nifty / Mid cap Nifty near life highs
** Mid cap Tech clearing highs (not large caps)
** Metals near highs

Nifty, Bank Nifty look terrible - so anyone looking superficially at the markets things its all bad - but we are smarter than just looking at indicies - right!