Riding on positive cues from the global markets, the Indian market gapped up and made new highs in today’s session. The Indian market is now back into a Confirmed Uptrend.
Daily Big Picture – Broad-based Buying Lifts Market to New Highs
Today’s Action:
Benchmark indices scale new highs, helped by optimism in global markets. Broader markets close with gains.
Daily Market Review
Riding on positive cues from the global markets, the Indian market advanced higher and made new all-time highs in today’s session. The Nifty was finally able to cross and sustain above its previous high of 10,137.85 after a gap of 30 trading sessions. In light of the new highs on the benchmark indices, we have moved the market status to Confirmed Uptrend. Continue reading “Daily Big Picture – Broad-based Buying Lifts Market to New Highs”
Bull Markets, Bear Markets, and Interim Corrections
We hope that through our weekly learning articles, by now you might have got a basic understanding of market bottoms, market tops, and how to track them using CANSLIM investing system. Today, we move on to a new topic “Bull Markets, Bear Markets, and Interim Corrections.” Continue reading “Bull Markets, Bear Markets, and Interim Corrections”
Chart Of The Week – The Party Continues in JBM Auto
JBM Auto had a wonderful week, as the stock gained almost 40%, driven by heavy-volume accumulation. The stock has hit power from pivot, as it has advanced over 54% in just three weeks after breaking out from a consolidation base.
Chart Of The Day – Bombay Burmah Trading Zooms 15.9%
Bombay Burmah Trading showed good momentum post breaking out of a 10-week flat base. In today’s session the stock surged almost 16% on 13 times heavier volume than 50-day average. Today’s gain marks its best daily performance in the last one year. The stock is at an all-time high.
