Global stock markets: Dow 30, +2.1%; S&P, +1.8%; Nasdaq, +1.9%; Nikkei, +1.6%; Kospi, +0.5%; Hang Seng, -0.2%
Yesterday, Nifty gapped up 65 points, taking cues from the global markets. After that, it traded in a narrow range and closed near the day’s high, holding solid gains. Volume was ... Views: 404
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Nifty after a flat opening witnessed strong buying interest from investors throughout the day. It formed higher highs and higher lows in the hourly chart and closed 0.5% higher. In the process, the index hit a fresh high. Volume ... Views: 403
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: 403
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: 401
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: 398
Market status: Confirmed Uptrend
Distribution Day: Two
Yesterday, Nifty opened on a slightly positive note. It quickly succumbed to selling pressure and turned negative to make an intraday low of 12,790. Fresh buying was seen post noon as Nifty rallied more than 200 points from the day's ... Views: 398
Yesterday, Nifty opened lower but rebounded quickly and gained almost 100 points from low. It gained more strength as the day wore on and made a high of 11,950. However, due to some selling pressure, Nifty closed below 11,900. Nifty is trading 3.7% and 11% above is 50- and 200-DMA, ... Views: 397
Market Preview
At 8:00am IST, the SGX Nifty Futures was trading at 11,753, compared with Nifty’s close of 11,647 on Friday.
Market status: Confirmed Uptrend
Global stock markets: Dow 30, +0.6%; S&P 500, +0.7%; Nasdaq, +0.6%; Nikkei, +1.9%; Hang Seng, +1.4%; KOSPI, +0.3%
During the ... Views: 395
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow 30, +0.8%; S&P 500, +1.4%; Nasdaq, +2%; Nikkei, +0.8%; Hang Seng, +0.1%; Kospi, +0.7%
Yesterday, Nifty opened in the green and extended its gains as the day wore on, hitting a new all-time high. However, ... Views: 395
MarketSmith India Stories
Godrej Industries stock has broken out of a 5-week, 11% deep Flat 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 555.
In the last twelve ... Views: 393
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +1%; S&P 500, +0.6%; Nasdaq, +0.7%; Kospi, +0.7%; Nikkei, +0.7%; Shanghai Composite, +0.5%
Yesterday, Nifty gapped up by almost 60 points. It crawled higher and moved above 15,800. However, the ... Views: 393
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow30, +1.1%; S&P 500, +1.3%; Nasdaq, +1.3%; Nikkei, +0.2%; Kospi, +0.3%; Hang Seng, +0.7%
Nifty made a muted opening yesterday and slipped further in the initial hours of the trading session. However, it ... Views: 392
Which stocks to buy? Techno-Fundamental research and analysis
Many retailers invest in companies without knowing their products/services or their CEO or their past track record. But, a well-informed investor looks into a company’s annual report to know about its management, prospects, and ... Views: 392
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow 30, +0.2%; S&P 500, +0.6%; Nasdaq, +1%; Nikkei, +2.4%; Hang Seng, +1.3%; Kospi, -0.1%
Last week, Nifty started on a strong note and closed above 14,000 decisively on Monday. Also, it traded above 14,000 ... Views: 391
Today’s Action
Nifty, -2.5%; Sensex, -2.6%; Nifty Midcap, -2.5%; Nifty Smallcap, -3.0%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Rally Attempt
Nifty opened higher and made an intraday high of 9,403. However, in the second half, the index succumbed to selling pressure, ... Views: 391
Weekly Action
Nifty, -9.4%; Sensex, -9.2%; Nifty Midcap, -10.8%; Nifty Smallcap, -13.2%; and Model Portfolio, -10.6%.
Market Pulse: Downtrend
Weekly Market Review
Before we discuss the historic dramatic move of today’s session, let us first reiterate how the week went.
On Monday, ... Views: 390
We all know the importance of market status in determining an investor’s stance in the CANSLIM style. It not only helps you realize gains by being aggressive when the risk is minimal but also protects you from unwarranted risks of markets.
When the market is in a Confirmed Uptrend, it is the ... Views: 390
Market status: Confirmed Uptrend
Distribution Day: Two
Global stock markets: Dow30, +0.2%, S&P500,+0.2%, Nasdaq,-0.1%, Nikkei, +0.2%; Kospi, +0.3%; Hang Seng, +0.3%
Yesterday, Nifty opened on a flat-to-positive note and quickly turned negative. It moved in a narrow range in the first ... Views: 390
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: 389
Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.
Stages begin at one and increase ... Views: 389
You did your research and you bought a stock that could become a big winner. Now what?
One of the biggest problems that investors have is determining the proper time to sell their stocks. After all, it is easier to be objective when you are deciding what stock to buy. But when it is time to ... Views: 388
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow30, -0.6%; S&P500, -0.4%; Nasdaq, +0.5%; Nikkei, -0.2%; Kospi, -0.3%; Hang Seng, -0.7%
Yesterday, Nifty, after a gap up opening, slipped toward the day’s low of 13,473 in the first half of the trading ... Views: 388
Today’s Action
Nifty, +1.1%; Sensex, +1.2%; Nifty Midcap, +1.3%; Nifty Smallcap, +0.7%; Model Portfolio, +0.00%
Market Pulse Confirmed Uptrend
Nifty opened up to solid gains this morning. It remained volatile during the day but managed to closed in the upper half of the day’s range. ... Views: 388
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow 30, -2.0%; Nasdaq, -1.1%; S&P 500, -1.5%; Kospi, -0.5%; Nikkei, -0.4%; Shanghai Composite, -0.6%
Yesterday, Nifty made a gap down opening of more than 170 points and closed the day significantly ... Views: 386
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: 386
“Just remember buying at new highs is buying into emerging strength.” – William J. O’Neil
Overhead supply, also known as percent off high, represents price levels at which a stock’s recovery is impeded as it tries to rally back from a steep decline. The pressure comes in the form of investors ... Views: 386
Global stock markets: Dow 30, +1.7%; S&P, +1.8%; Nasdaq, +2.3%; Nikkei, +0.5%; Kospi, +0.6%; Hang Seng, +0.8%
Yesterday, Nifty gapped up and trended higher to make an intraday high of 11,578. As the day wore on, Nifty succumbed to selling pressure and quickly lost over 120 points and made an ... Views: 385
Market Preview
At 8:00am IST, the SGX Nifty Futures was trading at 11,585, compared with Nifty’s close of 11,549 yesterday.
Market status: Confirmed Uptrend
Global stock markets: Dow 30, +0.3%; S&P 500, +1%; Nasdaq, +1.7%; Nikkei, -0.5%; Hang Seng, -1%; KOSPI, -1%
Yesterday, Nifty ... Views: 385
While analysing which stocks to invest in, it is important for retail investors to consider both fundamental and technical analysis of the stock. The CANSLIM investment methodology, devised by our founder, William J. O’Neil, does exactly that. While both these aspects are extremely important, ... Views: 384
Today’s Action
Nifty, +1.1%; Sensex, +1.2%; Nifty Midcap, +1.3%; Nifty Smallcap, +0.7%; Model Portfolio, +0.00%
Market Pulse Confirmed Uptrend
Nifty opened up to solid gains this morning. It remained volatile during the day but managed to closed in the upper half of the day’s range. ... Views: 384
“For the best prospects, do a price and volume check of each week within the stock’s base to help you conclude if the stock is showing sound accumulation or too many price and volume defects. Next, do a fundamental analysis checking for excellent earnings, sales, and return on equity.” – William ... Views: 382
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: 382
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: 381
Today’s Action
Nifty, +1.8%; Sensex, +1.9%; Nifty Midcap, +1.3%; Nifty Smallcap, +0.7%; Model Portfolio, -0.4%
Market Pulse Confirmed Uptrend
Nifty opened slightly in the green. As the day progressed, the buyer demand increased, which resulted in Nifty closing 1.8% higher. The volume ... Views: 380
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow30, +0.2%; S&P500, -0.1%; Nasdaq, -0.2%; Nikkei, +0.7%; Kospi, +0.1%; Hang Seng, +0.1%
Last week, Nifty continued its momentum and hit a new high for three consecutive days. However, on Thursday, the ... Views: 379
Market status: Confirmed Uptrend
Distribution days: Four
Global stock markets: Dow30, -0.5%; S&P 500, -0.8%; Nasdaq, -1.7; Kospi, +0.2%; Hang Seng, +1.4%; Nikkei, +0.3%
Yesterday, after opening more than 100 points higher, Nifty quickly pared its gains to turn negative for the session. ... Views: 378
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: 378
Market Pulse Confirmed Uptrend Confirmed Uptrend
Distribution Day Count: Two
Nifty opened at record highs and traded in a narrow range for the first 30 minutes. After which, the index saw a selling pressure which dragged index 300 points lower from intraday peak of 13,145. Today’s action ... Views: 376
Nifty PSU Bank Index has formed a bullish continuation pattern on weekly charts, with “Relative Strength Line” breaking out above the downward sloping trendline. Also, this index is trending above 50- and 200-DMA, with a “Golden Cross Over” on the daily chart, which in turn, indicates a bullish ... Views: 376
At 8:00 am IST, SGX Nifty Futures was trading at 15,342, compared with Nifty close of 15,302 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.03%; S&P 500, +0.2%; Nasdaq, +0.6%; Kospi, -0.7%; Nikkei, -0.7%; Shanghai Composite, ... Views: 370
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: 370
India’s Finance Minister Nirmala Sitharaman announced slew of measures to revive the Indian economy, which has been hit by the second wave of the COVID-19 pandemic.
Here are the key measures the finance minister (FM) announced today:
A guarantee scheme of Rs 1.1 lakh crore has been ... Views: 369
Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.
Stages begin at one and increase ... Views: 369
Market status: Uptrend Under Pressure
Distribution days: Six
Global stock markets: Dow30, +0.3%; S&P 500, -0.1%; Nasdaq, -0.6%; Nikkei, -0.1%; Hang Seng, +0.8%; Kospi, +0.9%
Last week, after muted action for a couple of days, Nifty was down around 500 points on Wednesday and Thursday, ... Views: 366
Sequent Scientific stock has cleared a 9-week, 19% [consolidation base] this week. Currently, the stock is trading around just 2% away from its ideal buy price of INR 312. The stock is offering investors an opportunity to get on board at the current price.
The key trend lines, 10 and ... Views: 366
Today’s Action
Nifty, -0.1%; Sensex, +0.2%; Nifty Midcap, +0.5%; Nifty Smallcap, +0.4%; Model Portfolio, -1.4%
Market Pulse Confirmed Uptrend
After opening more than 100 points higher, Nifty succumbed to profit booking and ended flat. It was a highly volatile trading session. Only 28% ... Views: 366
These include the idea of buying a stock with its price on the way down so that your average cost goes lower and the notion that you can always make money by buying low, selling high.
Today, the myth that a growth investor should never fall for is the false promise of riches from penny ... Views: 365
We all know the significance of market status in determining an investor’s stance in the CANSLIM style. It not only helps you realize gains by being aggressive when the risk is low but also protects you from unwarranted risks in markets.
When the market is in a Confirmed Uptrend, it is the best ... Views: 365
At 8:15 am IST, SGX Nifty Futures was trading at 15,864, compared with Nifty’s close of 15,747 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +1.8%; S&P 500, +1.4%; Nasdaq, +0.8%; Kospi, +0.7%; Nikkei, +3%; Shanghai Composite, ... Views: 365
Market status: Uptrend Under Pressure
Distribution days: Seven
Global stock markets: Dow30, +0.6%; S&P 500, +0.5%; Nasdaq, +0.1%; Nikkei, +1.0%; Hang Seng, +0.8%; Kospi, +0.3%
Yesterday being a monthly expiry Nifty was highly volatile. After a flat opening, the index witnessed heavy ... Views: 364