Despite weakness in the market, buying interest in Rushil Decor refused to die down. The stock jumped 9.7% in yet another heavy-volume accumulation session.
Daily Big Picture – Geopolitical Tensions Weigh Market Down; Nifty Below 9,900
Today’s Action:
Benchmark indices fell heavily for the second consecutive trading session, mainly weighed down by all the sectors.
Daily Market Review
After opening higher compared to the last day’s trading session, the Sensex lost over 400 points intraday, while the Nifty breached the 9,800 level. The broader indices followed the frontline indices, this heavy distribution in the market could be attributed to Korean tensions and the FIIs pulling out huge cash from the market. Continue reading “Daily Big Picture – Geopolitical Tensions Weigh Market Down; Nifty Below 9,900”
Mayhem in the Market: What Should You Do?
This week has been a rather strange one for the investors. The Nifty registered a new closing high on Monday. As a result, we moved the market status from Uptrend Under Pressure to Confirmed Uptrend at the end of the session. Continuing with the positive momentum, the index scaled a fresh all-time peak in Tuesday’s session. However, the euphoria ebbed soon after, as the index ended the day with minuscule losses on Tuesday. The next three sessions, too, have not given anything to cheer for the bulls as the index ended in the negative territory, with today’s market action being particularly disappointing. Continue reading “Mayhem in the Market: What Should You Do?”
Chart Of The Week – TV Today Network Pays No Heed to Sell-off
TV Today Network continued its resurgence despite a broad-based sell-off in the Indian market. The stock rallied 25.3% on huge volumes and broke to new highs after a 46-week long consolidation.
Chart Of The Day – North Korea Tensions Put Brakes on Nifty’s Ascent
Nifty witnessed the largest daily loss of 2017 today. The index plunged 1.56% after North Korea tensions resurfaced. Nifty closed below the 10K mark and is now just marginally above its key support of 50-day line.
