Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow 30, -0.9%; Nasdaq, +0.1%; S&P 500, -0.5%; Nikkei, +0.4%, Kospi, +0.01%; Shanghai Composite, +0.1%
Yesterday, Nifty had a gap up opening with a gain of 65 points. The momentum continued during the ... Views: 296
MarketSmith India Stories
ICICI Bank stock has cleared a 13-week, 22% deep Cup With Handle Base this week. Currently, the stock is trading around just 3% away from its ideal buy price of INR 628. The stock is offering investors an opportunity to get on board at the current price.
... Views: 248
Market status: Uptrend Under Pressure
Distribution days: Seven
Global stock markets: Dow30, -0.3%; S&P 500, -0.1%; Nasdaq, -0.1%; Nikkei, -0.1%; Kospi, +0.2%
Yesterday, Nifty opened 100 points higher and advanced further to make an intraday high of 14,779. Similar to previous few ... Views: 214
At 8:00 am IST, SGX Nifty Futures was trading at 15,623, compared with Nifty’s close of 15,583 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.2; S&P 500, +0.0%; Nasdaq, +0.1%; Kospi, +0.5%; Nikkei, -0.5%; Shanghai Composite, ... Views: 205
MarketSmith India Stories 19 May 2021
Carborundum Universal stock has cleared a 10-week, 23% deep Consolidation Base this week. Currently, the stock is trading around just 7% away from its ideal buy price of INR 572. The stock is worth watching at the current price level.
The ... Views: 241
MarketSmith India Stories 20 May 2021
Dalmia Bharat stock has cleared a 7-week, 17% deep Consolidation Base this week. Currently, the stock is trading around just 7% away from its ideal buy price of INR 1690. The stock is offering investors an opportunity to get on board at the ... Views: 248
MarketSmith India Stories
Ghcl stock has broken out of a 9-week, 17% deep Cup Without Handle Base 2-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 0% away from the ideal buy price of INR 258.
The stock closed ... Views: 243
MarketSmith India Stories
Knr Constructions stock is worth watching as the stock is forming an 18-week, 22% deep Cup With Handle Base. The current price is only 6% away from its ideal buy price of INR 239. Aggressive investors could use any tight area breakout inside the base as an ... Views: 184
Astral Ltd stock has broken out of a 9-week, 28% deep Consolidation Base 4-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 0% away from the ideal buy price of INR 1973.
The key trend lines, 10 and 40-week moving averages ... Views: 196
L&T Technology Services stock has cleared a 10-week, 19% deep Cup With Handle Base this week. Currently, the stock is trading around just 1% away from its ideal buy price of INR 2910. The stock is offering investors an opportunity to get on board at the current price.
The stock closed in ... Views: 220
At 8:00 am IST, SGX Nifty Futures was trading at 15,617, compared with Nifty’s close of 15,575 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.1; S&P 500, -0.1%; Nasdaq, -0.1%; Kospi, +0.1%; Nikkei, +0.5%; Shanghai Composite, ... Views: 206
MarketSmith India Stories
Jk Paper Ltd. stock has cleared a 13-week, 25% deep Cup With Handle Base this week. Currently, the stock is trading around just 6% away from its ideal buy price of INR 167. The stock is worth watching at the current price level.
The key trend lines, 10 ... Views: 194
Market status: Uptrend Under Pressure
Distribution days: Seven
Global stock markets: Dow30, +1.1%; S&P 500, +1.4%; Nasdaq, +1.7%; Nikkei, -0.8%; Kospi, -0.2%
Yesterday, Nifty had a muted opening but quickly succumbed to selling pressure. It made a day’s low of 14,459 i.e., down over 400 ... Views: 225
Nifty opened with modest gains and remained volatile during the first half of the session. It managed to hold above yesterday’s low. In the second half, there was good buying, pushing Nifty higher. Nifty is trading 3% and 11% above its 50- and 200-DMA, respectively. Today’s volume was higher ... Views: 225
IPL 2020 began with a bang, and now all cricket enthusiasts are busy talking about their favourite team, player, intriguing statistics, and unique insights from the mega event. The 13th edition of the IPL kicked off on a high with a super-over game in the first week and some brilliant ... Views: 273
IPL 2020 began with a bang, and now all cricket enthusiasts are busy talking about their favourite team, player, intriguing statistics, and unique insights from the mega event. The 13th edition of the IPL kicked off on a high with a super-over game in the first week and some brilliant ... Views: 571
How do you use relative price strength to pick stocks?
Restrict selection to stocks with Relative Price Strength Rating of 80 or higher. When you are trying to choose which two or three stocks to buy, we recommend preferring the one showing the best angle up in the relative price strength ... Views: 252
Today’s Action
Nifty, -13%; Sensex, -13.2%; Nifty Midcap, -13%; Nifty Smallcap, -12.9%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Downtrend
Nifty, after a gap down opening, hit 10% lower circuit leading to a trading halt for 45 min. After the trading resumed, the index ... Views: 295
In cricket, some players thrive in the fast-paced T20, while others are at their best playing patiently for five days in a test match. In the stock market, some traders brace high risk-reward scenarios prevalent in trading. They are constantly in the thick of things and are required to make ... Views: 270
At 8:00 am IST, SGX Nifty Futures was trading at 15,324, compared with Nifty close of 15,198 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.5%; S&P 500, +1%; Nasdaq, +1.4%; Kospi, +0.7%; Nikkei, +0.6%; Shanghai Composite, +1.3%
... Views: 193
Nifty gapped lower this morning, following global cues. After finding support near 11,600, Nifty moved 100 points off-lows in the first hour itself. After trading with modest losses, Nifty slipped in the second half and closed 50bps lower. VIX has increased to 24 from a low of 17 at the start of ... Views: 272
Today’s Action
Nifty, -0.8%; Sensex, -1%; Nifty Midcap, +1.3%; Nifty Smallcap, +1.3%; Model Portfolio, -0.2%
Market Pulse Confirmed Uptrend
Nifty, after a gap up opening, traded in a narrow range in the first half of the trading session. However, the index shed all its gains in the last ... Views: 262
Today’s Action
Nifty, -4%; Sensex, -4.1%; Nifty Midcap, -2%; Nifty Smallcap, -1.5%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Confirmed Uptrend
Nifty staged a downside reversal closing near the lows but on a lower volume. Nifty Bank and IT saw high selling pressure. ... Views: 283
Today’s Action
Nifty, +0.8%; Sensex, +0.7%; Nifty Midcap, +1.8%; Nifty Smallcap, +2.8%; Model Portfolio, +2.0%
Market Pulse Confirmed Uptrend
Nifty, after a negative opening, closed the day around 70 points higher. It made an intraday high of 9,053 and closed below 9,000. Today, 70% of ... Views: 306
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow 30, -0.6%; S&P 500, -0.7%; Nasdaq, -0.9%; Nikkei, +1.4%; Hang Seng, +2.2%; Kospi, +2.3%
Yesterday, markets were under pressure in the morning session, with the Nifty down more than 1.0% and Midcap index ... Views: 302
Emami stock has broken out of a 6-week, 13% deep Cup Without Handle Base 2-weeks ago. However, the stock is still worth watching as the current price is only 0% away from the ideal buy price of INR 547.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The ... Views: 173
Market status: Confirmed Uptrend Confirmed Uptrend
Distribution Day: Two
Global stock markets: Dow30, +0.8%; S&P500, +0.9%; Nasdaq, +0.7%; Nikkei, -0.3%; Kospi, -0.6%; Hang Seng, -1.5%
Nifty closed in positive territory on all four sessions of the last week. It made a new high on ... Views: 245
Market status: Uptrend Under Pressure
Distribution days: Six
Global stock markets: Dow30, +0.1%; S&P 500, +0.2%; Nasdaq, -0.1%; Nikkei, -0.4%; Kospi, +0.1%
Yesterday, Nifty opened 100 points higher and reclaimed its 21- and 50-DMA. The volume was relatively higher but below average. ... Views: 210
Market status: Downtrend
Global stock markets: Dow30, -0.4%; S&P 500, -0.5%; Nasdaq, -1%; Nikkei, -1.8%; Kospi, +0.3%
Yesterday, Nifty gapped down at the open by more than 300 points. It breached its April 12 low (12,248) and made a new low of 14,192. Buying was seen at the day’s low, ... Views: 195
Market Pulse: Confirmed Uptrend
Distribution Day Count: Four
Today, Nifty opened 50 points lower and remained under selling pressure, trading toward the day’s low of 15,578 in the first half of the session. In the second half, the index attempted to cover some losses and closed 0.8% lower. ... Views: 187
Nifty, -0.4%; Sensex, -0.5%; Nifty Midcap, -0.5%; Nifty Smallcap, -1.5%; Model Portfolio, +1.5%
Market Pulse Uptrend Under Pressure
Distribution Day Count: Six
Nifty gapped lower this morning and remained under pressure for the most part of the session. However, last hour buying helped ... Views: 211
Nifty advanced higher in all five trading sessions and gained about 500 points during the week. Today, markets reacted positively to the outcome of RBI’s MPC meeting, especially financial related stocks. In Nifty50, four out of the top five gainers were banking stocks, led by Icici Bank (+3.6%) ... Views: 323
Nifty advanced higher in all five trading sessions and gained about 500 points during the week. Today, markets reacted positively to the outcome of RBI’s MPC meeting, especially financial related stocks. In Nifty50, four out of the top five gainers were banking stocks, led by Icici Bank (+3.6%) ... Views: 213
Today’s Action
Nifty, -4.4%; Sensex, -4.6%; Nifty Midcap, -2.8%; Nifty Smallcap, -2.3%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Rally Attempt
Nifty, after opening around 300 points lower, surged higher to make an intraday high of 8,576. However, as the day progressed, ... Views: 431
After a gap up opening, Nifty remained volatile but traded in the narrow range for the majority of trading hours. Later, last hour buying interest from investors helped the index close above 11,500 holding decent gains. Volume was lower compared with the previous session. The action in broader ... Views: 180
Market Pulse: Confirmed Uptrend
Distribution Day Count: One
Nifty started the session on a positive note and continued to make higher highs during the day. It made an all-time high of 17,532.7 during the day and closed near that high at 17,519. Of the Nifty50 stocks, 70% advanced, led by ... Views: 347
Market Pulse: Confirmed Uptrend
Distribution Day Count: One
Nifty started the session on a positive note and remained in positive territory throughout the trading session. However, after making an all-time high of 17,438 in the morning session, the index continued to trade lower. Despite ... Views: 329
Market Pulse: Confirmed Uptrend
Distribution Day Count: One
Weekly Market Review
Nifty traded in a narrow range of 17,254-17,436 this week. It consolidated gains after a strong upward move last week. On a weekly basis, it closed 0.3% higher, thus closing higher for the third consecutive ... Views: 336
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Nifty had a gap up opening with a gain of 65 points. The momentum continued during the session as the index made a fresh all-time high of 16,290. Also, one distribution day expired today, decreasing the count to three, which is ... Views: 273
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
For the past two weeks, Nifty struggled to surpass the 17,950 level. On Monday, Nifty scaled 18,000. However, it failed to close above 18,000 on Tuesday. On Wednesday, the index again closed above 18,000 and today extended gains ... Views: 326
Distribution Day Count: Two Distribution Day Count
Nifty opened on a flat-to-positive note today and quickly turned negative. It moved in a narrow range in the first half of the session. In the second half, it was highly volatile, selling pressure was followed by buying, which helped Nifty ... Views: 295
Market Pulse: Confirmed Uptrend
Distribution Day Count: Four
Today, Nifty started the session with a gain of more than 100 points. It then consolidated its gains and traded sideways for most of the session. The index turned volatile in the last hour, but managed to close near the day’s ... Views: 156
Nifty opened on a flat note and traded in both positive and negative territories. In the second half, some buying helped the index to close near the day’s high. Volume of shares traded dried up for the two consecutive days. Around 74% of Nifty50 stocks closed in the green, led by Zee ... Views: 241
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Today, Nifty made a gap down opening of more than 170 points and closed the day significantly lower. As volume was lower than the previous trading session, it escaped adding a distribution day. In the broader market, the ... Views: 184
Nifty, after a gap-down opening, tried to fill the gap in the initial hours and traded toward 11,587. However, the index staged a reversal with intensifying selling pressure and closed near the day's low holding decent loss. Though the index fell more than 0.2%, it escaped a distribution day as ... Views: 258
Today’s Action
Nifty, -3.0%; Sensex, -3.2%; Nifty Midcap, -3.1%; Nifty Smallcap, -3.8%; Model Portfolio, 0%
Market Pulse Confirmed Uptrend
Indian markets reacted sharply to the global cues after prices of WTI crude crashed and landed in negative territory for a while. Nifty gapped down ... Views: 273
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow 30, +0.2%; Nasdaq, -0.7%; S&P 500, -0.3%; Kospi, -0.7%; Nikkei, -1.2%; Shanghai Composite, -0.2%
Yesterday, Nifty opened flat and advanced in the first two hours of the session. It then consolidated ... Views: 203
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Nifty started the session on a positive note and extended gain in the first half. It made a new all-time high of 16,360. However, it failed to hold gains and staged a reversal. It lost over 150 points to make an intraday low of ... Views: 367
Nifty, after a gap-up opening, kept the bullish momentum intact throughout the day. The index formed higher highs in the hourly chart and closed the upward trending session holding solid gains. In the process, Nifty moved closer to its 50-DMA and is just short of 0.7% to reclaim it. Last ... Views: 251
Nifty, after a gap-up opening, kept the bullish momentum intact throughout the day. The index formed higher highs in the hourly chart and closed the upward trending session holding solid gains. In the process, Nifty moved closer to its 50-DMA and is just short of 0.7% to reclaim it. Last ... Views: 245