Daily Big Picture – Stock Indexes Gallop to New Highs

MarketSmith India_William Oneil India

Today’s Action:

The key indices opened higher today and extended their gains, both the indices made all time highs and registered their highest closing levels ever.

Daily Market Review

The benchmark indices continue its winning streak after both the Nifty and the Sensex made an all-time high today. The Nifty is close to the 10K peak due to the positive earnings quarter. Continue reading “Daily Big Picture – Stock Indexes Gallop to New Highs”

How to deal with IPO Frenzy?

“The safest time to buy an IPO is on the breakout from its first correction and base-building area. Once the new issue has been trading in the market for one, two, or three months or more, you have a valuable price and volume data that you can use to better judge the situation.” – William J. O’Neil, MarketSmith Founder

 With the recently concluded IPOs of Hudco, CDSL, and AU Small Finance Bank making the news, we ask if a retail individual invests heavily in IPOs? A common notion in the market is that IPOs are easy money with minimal risk. We would rather ask our readers to be cautious with IPOs for the following reasons:

● Nearly all of the good issues end up with a tiny allotment for the retail investor due to huge institutional demand for the stock. Continue reading “How to deal with IPO Frenzy?”

Weekly Big Picture – Benchmark Indices Eke Out Gains; ITC Derails Nifty’s Journey to 10K

MarketSmith India _ Weekly Big Picture.MARKET PULSE

Status: Confirmed Uptrend


Three up days, two down days

Weekly Market Review

The Indian market started on a positive note on Monday, as the market continued its momentum from last week. The benchmark indices scaled new all-time highs, and also registered fresh closing highs on Monday. On Tuesday, the key indices fell, as the market heavyweight ITC dropped more than 12%, after the GST council decided to increase the cess on cigarettes. After Tuesday, the market has witnessed a fight between the bulls and the bears, as the market seesawed between gains and losses on the remaining days of the week. Finally, by the close of the week, the key indices are within touching distance of their record highs registered on Monday. Continue reading “Weekly Big Picture – Benchmark Indices Eke Out Gains; ITC Derails Nifty’s Journey to 10K”