Today’s Action:
The Nifty and the Sensex gain to record fresh highs. Broader markets outperform major composites.
Daily Market Review
The benchmark indices started the day on a flat note and gained momentum as the session progressed. Despite a few dips in the mid-session, both the Sensex and the Nifty managed to end the day with decent gains. These gains enabled the key indices to extend their all-time highs.
[embedyt] https://www.youtube.com/watch?v=FrpsqL14xQc[/embedyt]
MarketSmith India Webinar of Components of Winning Stocks; Quality & Rising Institutional Sponsorship covers the following.
• The “I” in the CAN SLIM®: Institutional Sponsorship
• What is it?
• Why is it Important?
• Institutional Sponsorship Checklist
• How to Check Your Stock’s Sponsorship
• Where to Find Stocks with Rising Sponsorship
“The market isn’t easy – it doesn’t wait until everyone is ready, prepared and certain.” – William J. O’Neil, MarketSmith Founder
MarketSmith India readers have heard or read the term “distribution” at MSI workshops, or inside the pages of the Weekly Big Picture.
It is synonymous with institutional selling, whether it is in an individual stock or a major stock index. Big downside moves in explosive volumes are the clearest signs of a distribution, a sign that mutual funds, hedge funds, banks, and insurance companies are unloading shares.
Continue reading “Distribution Days Come In Different Shapes and Sizes”
MARKET PULSE
Status: Confirmed Uptrend
Highlights:
Three up days, two down days
Continue reading “Weekly Big Picture -Key Indices Rebound After Trading Flat in Three Sessions”
Today’s Action:
The Nifty and the Sensex end the day flat, closing ~0.35% off their recent high. The broader markets trimmed their losses and ended the day with a decent gain for third day in a row.
