Month: September 2017

Posted on

Weekly Big Picture – North Korea Spoils the Party on D-Street

MarketSmith India _ Weekly Big PictureMARKET PULSE

Status: Confirmed Uptrend

Highlights:

One up day, four down days

Weekly Market Review

On Monday, the benchmark indices started the week on a bullish note, as the Nifty crossed its previous all-time high after a gap of 30 sessions. The Nifty registered a fresh closing high on Monday and extended the gains intraday on Tuesday. However, the market rally stalled thereafter, as the benchmark indices closed with minor losses on Tuesday, Wednesday, and Thursday, in the absence of any major cues. Today, the benchmark indices slumped in line with the global indices, as North Korea announced that it may detonate a hydrogen bomb in the Pacific Ocean. Continue reading “Weekly Big Picture – North Korea Spoils the Party on D-Street”

Posted on

Daily Big Picture – Negative Session on the Bourses; Bulls Slog it Out

DailyBigPicture-MarketSmithIndia-WilliamOneilIndiaToday’s Action:

Benchmark indices recover from the day’s lows to end with small losses. Broader markets underperform.

Daily Market Review

The market opened flat in today’s session in the wake of mixed cues from the Asian markets. However, soon after, selling was witnessed across the board, resulting in the Nifty slipping 100 points below its peak for the session. The market gradually recovered as the day progressed, with both the Nifty and the Sensex closing for the day with minor losses. Continue reading “Daily Big Picture – Negative Session on the Bourses; Bulls Slog it Out”