Benchmark Indices Nosedive After a Solid Opening

Today’s action:

The benchmark indices continue to decline even after a positive start. Broader indices follow the key composites.

Current Outlook:

● Market environment conducive for new purchases, but remain selective.

● Focus on fundamentally strong stocks breaking out of strong technical patterns.

● Stay disciplined and exercise sound buy and sell rules.

Continue reading “Benchmark Indices Nosedive After a Solid Opening”

Busting the Investing Myth that Penny Stocks Can Lead to Marvellous Riches

penny-stocks--MarketSmith-India

“What you’ll find is that little acorns can grow into giant oaks, and that with persistence and hard work, anything is possible.” – William J. O’Neil, MarketSmith Founder.

In recent days, MarketSmith India has been highlighting some investing myths that need to be debunked.

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 shares.

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Daily Big Picture – Key Composites Break Free from Losing Streak

MarketSmithIndia-WilliamOneilIndia

Today’s action:

The major stock indices posted significant gains after declining in the last three sessions. The Nifty Midcap index and Smallcap indices score all-time highs.

Current Outlook:

●      Market environment conducive for new purchases, but remain selective

●      Focus on fundamentally strong stocks breaking out of sound base patterns

●      Stay disciplined and exercise sound buy and sell rules 

Continue reading “Daily Big Picture – Key Composites Break Free from Losing Streak”