Month: July 2017

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Daily Big Picture – Sensex Notches up 32K in its Record-breaking Streak; Nifty Strides Towards 9,900 Mark

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices continue their winning streak with significant gains, for a fourth straight session. Broader markets underperform frontline composites.

Daily Market Review

In today’s trading session, the benchmark indices recorded new all-time highs, yet again. The Sensex and the Nifty started significantly higher and build on the gains as the session progressed. The Sensex claimed 32,000 mark for the first time, while the Nifty inched closer to the 9,900 mark. Continue reading “Daily Big Picture – Sensex Notches up 32K in its Record-breaking Streak; Nifty Strides Towards 9,900 Mark”

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Daily Big Picture – Key Indices Mark Fresh Closing High for Third consecutive session; Broader Indices Rebound Sharply

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices continue their winning streak with significant gains. Broader markets outperform frontline composites.

Daily Market Review

The frontline indices recorded new closing all-time highs for the third consecutive session, today. After opening significantly higher, the indices witnessed choppy movement for most of today’s trading. However, the key index clung on to the gains and closed near the day’s high.  Continue reading “Daily Big Picture – Key Indices Mark Fresh Closing High for Third consecutive session; Broader Indices Rebound Sharply”

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Daily Big Picture – Benchmark Indices Slip in Afternoon Trade; Record Fresh Closing Highs

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices held onto all-time highs amid profit-booking in the second half of the session. Broader indices witnessed selling pressure.

Daily Market Review

The benchmark equity indices extended their all-time highs led by a rally in technology and auto stocks. The Sensex and the Nifty rose significantly higher, recording a new all-time high. However, in the second half of the session, indices pared solid gains to finally end marginally higher. A good start to the upcoming Q1 FY 2018 earnings season will be crucial for the key indices to maintain these levels. Continue reading “Daily Big Picture – Benchmark Indices Slip in Afternoon Trade; Record Fresh Closing Highs”

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Daily Big Picture – Benchmark Indices Scale Fresh All-time Highs; Tech Glitch on NSE Results in a Truncated Session

MarketSmith India_William Oneil IndiaToday’s Action:
The key indices extend gains from last week to achieve fresh all-time highs. Broader indices follow suit.

Daily Market Review
The headline indices recorded fresh all-time highs in today’s session, despite the NSE facing technical issues during the first half of the session. The NSE reported a technical glitch that disabled trading in both cash and F&O segments for a few hours. Soon after the session resumed, the Nifty gathered momentum to record a fresh all-time high, similar to the Sensex.

Continue reading “Daily Big Picture – Benchmark Indices Scale Fresh All-time Highs; Tech Glitch on NSE Results in a Truncated Session”

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Break the Stereotype- Why You Should Be Buying in to New Highs?

“What seems too high in price and risky to the majority usually goes higher, and what seems low and cheap usually goes lower.” – William J. O’Neil, MarketSmith Founder

The ‘N’ in the CAN SLIM strategy stands for either a ‘New Product,’ ‘New Management,’ ‘New High,’ or any other new factor, which could positively change the operating environment for the stock and ultimately drive its price into newer realms. Continue reading “Break the Stereotype- Why You Should Be Buying in to New Highs?”