Daily Big Picture – Markets Cling on to Small Gains Ahead of Fed Meeting Outcome

MarketSmith India_William Oneil India

Today’s Action:

Benchmark indices end positive in a volatile session. Broader indices stage a sharp recovery.

Daily Market Review

The Benchmark indices remained volatile for most of today’s session ahead of Federal Reserve’s Monetary Policy Review outcome. The indices dipped from positive to negative territories on numerous occasions, but however, managed to close the day with decent gains.

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Daily Big Picture – Benchmark Indices Pare Gains to End Flat

Today’s Action:

Benchmark indices end flat in a sudden turn of events. Broader indices follow key composites.

Daily Market Review

The benchmark indices ended flat today, giving up all the gains that it had gathered in the first half of the session. The Nifty and the Sensex could not hold on to a solid opening and sharply dropped from the day’s highs in the final trading hours. While the Sensex ended marginally higher in the positive quadrant, the Nifty dunked into the negative zone to close at the day’s low. Continue reading “Daily Big Picture – Benchmark Indices Pare Gains to End Flat”

Why Late-Stage Bases Tend To Be Risky?

MarketSmith India_Why Late-Stage Bases Tend To Be Risky

“Charts can tell you when a stock is not acting right and should be sold” – William J. O’Neil, MarketSmith Founder

A loaf of bread has a certain shelf life. When you see the loaf of bread is not in its best form, it means that it has passed the time for optimal consumption. Great stocks to have a shelf life.  So before you invest in any stock, you need to count bases or periods of consolidation.

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