“The best way to sell a stock is on the way up, while it’s still advancing and looking strong to everyone else… You’ll never sell at the exact top so don’t kick yourself if a stock still goes higher after you sell.” – William J. O’Neil, MarketSmith Founder
We hope that you have been enjoying a good ride as the market has made new highs. However, if you have been reading our Daily Big Picture, you would have observed that the market breadth has been tilted toward the losers, even as the indices have climbed higher.
Continue reading “Market at New Highs, but More Losers than Gainers-Are Your Stocks Topping Out?”
Status: Confirmed Uptrend
Three up days, two down days
Weekly Market Review
The benchmark indices managed to move higher after the gains made during the last week. Both, the Sensex and the Nifty started on a positive note on Monday after rallying over 0.60% each. On Tuesday, even as both the headline indices advanced higher, the Sensex’s gain was muted, at 0.19% compared with 0.37% for the Nifty. Both the indices registered their respective all-time closing highs on Tuesday. The Sensex picked up distribution days on Wednesday and Thursday, while the Nifty added one to its tally yesterday. The indices closed for the week with modest gains in today’s session. Continue reading “Weekly Big Picture – Benchmark Indices Extend Gains; Sensex Picks up Two Distribution Days”
The benchmark indices extend losses from yesterday’s session. The Nifty Midcap and Smallcap indices correct over 1%.
Daily Market Review
The benchmark indices witnessed selling pressure right from the start of today’s session. After starting in the negative zone, the key indices sunk deeper to erase all gains recorded in the first two sessions of the week. Continue reading “Daily Big Picture – Financials Weigh on Benchmark Indices; Broader Markets Underperform Key Composites”