MARKET PULSE
Status: Confirmed Uptrend
Daily Market Review
Witnessing a gap up opening today, the benchmark indices started the week on a vigorous note. The market reacted positively to the macroeconomic data released on Friday, post market hours.
Continue reading “Daily Big Picture – The week begins on an upbeat note”
“You can’t go by opinions or how you feel. You need to have and follow sound, proven rules” – William J. O’Neil, MarketSmith Founder
MARKET PULSE
Status: Confirmed Uptrend
Highlights:
Four up days, one down day
Weekly Market Review
The benchmark indices recovered sharply after last week’s decline, aided by a good rain forecast and positive global cues. They recorded four consecutive positive sessions, summing up a significant weekly gain. The Sensex and the Nifty scaled fresh all-time highs during this positive run.
Today’s Action:
The major indices maintain a positive stance despite a flat ending. The Nifty Midcap index follows key composites, while the Smallcap index posts significant loss.
Daily Market Review
In today’s session, the benchmark indices recorded new all-time highs for the second day in a row. The Sensex and the Nifty started off at fresh highs as the bulls took control of the markets in early trading hours. However, towards the end of trading, key composites gave up a major part of the intraday gains, likely due to profit booking.
Continue reading “Daily Big Picture – Key indices Pare Early Gains to End Flat”
Today’s Action:
The major indices surge to reclaim all-time highs. Uptrend continues in Midcap and Smallcap indices.
Daily Market Review
The benchmark indices posted solid gains in today’s session to mark fresh all-time highs. Maintaining their positive momentum for a third straight session, the key composites built up their early gains boosted by the Indian Meteorological Department’s (IMD) prediction of a good monsoon season in 2017.
