Makemyinvest Tradesting Newsletter
Weekly Learning & Market Insights – Issue #017
​29 Aug 2026

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Direction • Decision • Discipline

Sector Spotlight

The Week That Moved Markets

1. The Indian Hotels Company

• IHCL and Oriental Hotels announced a merger that will consolidate the hotel businesses under IHCL and simplify the group’s hospitality structure.

2. Oriental Hotels

• The company announced its proposed merger with IHCL, marking a significant restructuring in the listed hospitality space.

3. TVS Supply Chain Solutions

• Signed a strategic MoU with Japan’s Sankyu to collaborate across supply-chain and engineering services. Sankyu also intends to acquire a 0.5% equity stake in the company.

4. Ather Energy

• Approved a ₹1,200 crore preferential fundraise through shares and warrants, including an investment by the India-Japan Fund and additional participation from Hero MotoCorp.

5. Netweb Technologies

• Successfully raised ₹1,200 crore through a QIP, strengthening funding capacity for expansion in high-performance computing and AI infrastructure.

6. Bharat Electronics

• Secured an additional order worth about ₹730 crore, adding to its defence electronics order book and reinforcing demand visibility for the defence manufacturing sector.

7. NBCC

• Received a ₹121.74 crore order for construction of 170 school buildings in Rajasthan. The company also sold 111 residential units in Noida for about ₹416.53 crore through an e-auction.

8. Tata Steel

• Invested about ₹1,340 crore in its wholly owned subsidiary T Steel Holdings, providing additional capital for its overseas operations.

9. Fedbank Financial Services

• Approved an increase in its borrowing limit to ₹23,000 crore and plans to raise up to ₹2,500 crore through non-convertible debentures.

10. Lenskart Solutions

• Witnessed an institutional block transaction of about ₹1,857 crore, with several domestic and global institutions buying shares as Alpha Wave exited its investment.

🌍 Major Global Developments This Week

1. US–Iran Sanctions

• The US expanded sanctions targeting Iran-linked entities and sectors, increasing pressure on Tehran and keeping global investors focused on energy supply and geopolitical risks.

2. Strait of Hormuz

• Shipping through the Strait of Hormuz remained disrupted amid continuing US-Iran tensions, keeping energy transportation and refined-product markets under close watch.

3. US–Canada Trade Tensions

• The US imposed a 50% tariff on Canadian goods after trade negotiations broke down, while Canada announced matching countermeasures, raising concerns over wider North American trade disruption.

4. US Technology & AI

• Nvidia reported strong results and maintained a robust AI growth outlook, while its reported agreement to acquire Hugging Face highlighted continued consolidation and investment across the AI ecosystem.

5. Russia–Ukraine

• The continuing conflict remained a source of geopolitical and energy-market uncertainty, with developments involving Russian and Ukrainian energy infrastructure adding to global risk concerns.

6. Global Equity Flows

• Global equity funds recorded their first weekly outflow in 13 weeks as investors reduced exposure ahead of major AI earnings and the Federal Reserve’s Jackson Hole policy signals.

🏛️ Economic & Policy Developments

1. US Federal Reserve

• Fed Chair Kevin Warsh signalled that further rate increases could be necessary if inflation does not move clearly toward the 2% target, making inflation and employment data increasingly important for policy expectations.

2. US Inflation

• The latest PCE inflation readings remained above the Federal Reserve’s 2% target, reinforcing concerns that inflation could remain persistent.

3. India Industrial Production

• India’s industrial production expanded strongly in July, with manufacturing and electricity output supporting overall industrial activity and indicating continued momentum in domestic production.

4. India Foreign Exchange Reserves

• India’s foreign exchange reserves rose by about $12.4 billion to a record $729.3 billion for the week ended August 21, strengthening the country’s external liquidity position.

5. India Monetary & Currency Policy

• The RBI continued to closely manage currency-market volatility as the rupee remained around the ₹95–96 per dollar zone amid oil-price movements and global dollar fluctuations.

🛢️ Commodities & Currency Developments

1. Crude Oil

• Brent and WTI crude posted weekly declines as markets assessed the impact of Iran-related sanctions, potential developments around the Strait of Hormuz and expectations for global demand.

2. Natural Gas

• Natural gas markets remained sensitive to geopolitical developments, supply disruptions and changing expectations for energy demand across major consuming regions.

3. Gold

• Gold fell sharply late in the week after the Fed Chair’s hawkish comments strengthened expectations of tighter US monetary policy and supported the dollar.

4. Silver

• Silver also declined sharply alongside gold as higher US rate expectations increased pressure on precious metals.

5. US Dollar Index

• The dollar strengthened toward the end of the week as markets reassessed US interest-rate expectations following the Federal Reserve Chair’s Jackson Hole remarks.

6. Indian Rupee

• The rupee remained relatively range-bound against the US dollar, with softer crude prices providing some support while RBI intervention helped limit excessive currency volatility.

📖 Why It Matters

• US monetary-policy expectations have become a major driver of global bond yields, currencies, precious metals and equity valuations.
• Middle East tensions and uncertainty around the Strait of Hormuz continue to influence crude oil, shipping costs and inflation risks.
• Strong Indian corporate activity across defence, AI infrastructure, hospitality, financial services and industrials remains important for sector-specific market sentiment.
• India’s improving foreign-exchange reserves and resilient industrial activity provide important macroeconomic support amid global uncertainties.
• Trade tensions, particularly between the US and Canada, together with US–Iran sanctions, are keeping global supply chains and geopolitical risks firmly in focus.

Concept of the Week: Market Structure

Definition

Market Structure is the study of how price forms Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL).

It helps you identify whether a stock or index is in an uptrend, downtrend, or range before relying on indicators.

How It Works

Uptrend:​
Higher High → Higher Low → Higher High → Higher Low

Downtrend:​
Lower Low → Lower High → Lower Low → Lower High

Range:​
Price repeatedly moves between a relatively clear support and resistance zone without establishing a sustained trend.

The key idea is simple:

Example — NIFTY

Suppose NIFTY moves:

24,800 → 25,200 → 25,000 → 25,500 → 25,250 → 25,800

Here:

• 25,200 = Higher High
• 25,000 = Higher Low
• 25,500 = Higher High
• 25,250 = Higher Low
• 25,800 = Higher High

The sequence shows a bullish market structure.

If NIFTY subsequently breaks below an important previous Higher Low, the bullish structure may weaken or change.

Why It Matters

Market structure helps answer one of the most important trading questions:

"What is price actually doing?"

It can help you:

• Identify the prevailing trend
• Find potential trend-change signals
• Place more logical stop-losses
• Avoid buying aggressively during a downtrend
• Understand whether a breakout has changed the structure

Common Mistake

Don't treat every small swing as a major market-structure point.

On a 5-minute chart, you may see dozens of minor highs and lows. Always consider the timeframe and significance of the swing.

Also, a single candle breaking a previous high/low does not automatically mean the entire trend has reversed.

​

Pro Tip

Try marking only the major swing highs and swing lows on a clean NIFTY chart before adding RSI, MACD or moving averages.
​

Community Win

Wisdom of the Week

Learning Takeaway

• Investing decisions are often influenced by emotions such as fear, greed, overconfidence, and the desire to follow the crowd.
• Having more information does not automatically lead to better decisions if emotions control how that information is interpreted.
• A practical lesson is to build a decision-making process that encourages patience, self-awareness, and rational thinking—especially when markets become emotional.

My Content of This Week

​

​YouTube Video Link​

​Twitter Post Link​

Book I Am Reading and Recommend

Keep Learning. Keep Tradesting!!! 🚀

Cheers,
​Tapas Chandra
​SEBI Registered Research Analyst | INH000026381
PGP (Research Analysis) | CMT Level-2 Cleared |
Author – Invest or Regret | Ex-JPMorgan Chase

Questions, insights, or lessons from the markets this week?
​Just hit reply—we read every message and appreciate hearing from our readers.
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