The Nifty and the Sensex are on a spree of clocking new highs in three out of the past four trading sessions. Ending nearly flat of high trading volume, the key composites observed a stalling day.
Daily Market Review
The key benchmarks extended their gains to hit all-time highs in today’s session. However, by the end of the day, they consolidated and erased their morning gains to end flat. The broader markets closed at a decent gain, but continue to remain under pressure, trading slightly below their 50-day moving average.
Continue reading “Daily Big Picture – Key Indices Observe Stalling Day; Broader Markets Under Pressure”
The Recent Past
The top five steel makers account for more than 70% of the market share in India. The selling prices are market determined. Being in a commoditized business, steel companies usually compete on the basis of production capacity, economies of scale, and access to raw material, among others.
Continue reading “Should You Invest in the Recovering Steel Industry?”
The Nifty and the Sensex ended the session closing at a record high with the Sensex making another fresh high of 31,220.38 during the day. The Nifty Midcap outperformed the markets.
Continue reading “Daily Big Picture – Key composites scale new highs; Nifty Pharma outshines the markets”
The Nifty and the Sensex make fresh high on volumes, higher than the previous session, to close above key levels of 9,600 and 31,000 respectively. However, the broader markets fell by 2%.
Continue reading “Daily Big Picture – The Nifty, Sensex hit new highs; Broader markets correct”
“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 J. O’Neil, MarketSmith Founder
Winning stocks typically start rising in heavy volumes before they move onto new highs. The strong volume increases indicate that mutual funds and other big funds are actively taking positions.
Continue reading “Why the Buyer Demand Rating is a Key to Finding Great Stocks”