The Ultimate Proxy for the Indian Bull Market?Central Depository Services (India) LimitedNSE:CDSLBallaJi🇮🇳 🇮🇳 🇮🇳 Paytm has already made a large move, and Delhivery has been on fire. But if you want to trade the actual "plumbing" of this structural bull market, look no further than CDSL. Here is why this is the highest-conviction trend on the board right now: The Macro Breakout: The CDSL/NIFTY 1-month ratio chart just triggered a textbook macro bull pennant breakout. I t successfully flipped its heavy 2021 resistance level into concrete structural support and is breaking out top-side. The Catalyst & Tape: The stock surged over 6.3% to close at ₹1,431.50 on Friday. This aggressive volume and price action aligns perfectly with SEBI approving their new ₹20 crore investment to enter the bullion market ecosystem in GIFT City. The big money is positioning. The Trajectory: The Fibonacci extensions on the relative chart point to a potential 151% outperformance against the Nifty benchmark. This isn't just a buy-and-hold thesis. Because CDSL is capturing massive relative momentum, it is going to provide continuous, high-probability F&O scalping and swing opportunities on the lower timeframes as the macro trend develops. Play the infrastructure. Ride the alpha. Know the Trend. Know the Targets.