Market Notes

Marico has reached an all-time high breakout and leads in relative strength within the FMCG sector, with the potential to sustain its rally if it maintains this breakout in the coming weeks.

Ultratech Cement has also achieved an all-time high breakout, with infrastructure and cement stocks showing significant strength over the past few months.

Indigo is reaching new highs and is on the verge of breaking out from a bullish flag pattern.

Apollo Hospital has emerged from a period of consolidation, recently breaking out to all-time highs. It is trading near these highs and is expected to maintain its momentum in the coming days. The healthcare services sector overall has been performing well and is anticipated to continue this trend in the upcoming weeks.

The broader indices are in consolidation, but a bearish long-term pattern is developing in the Nasdaq, which will be interesting to observe. Given that Indian markets have been underperforming, there is a possibility of minimal decline, and while other markets might fall, India could remain stable. This stability may attract more interest and investment in the Indian markets.