Daily Big Picture – Market Sells Off After Facing Resistance at Higher Levels

DailyBigPicture-MarketSmithIndia-WilliamOneilIndia

Today’s Action:

Benchmark indices headed higher in morning trade, before a sell-off resulted in both the Nifty and the Sensex closing with losses. Broader indices moved higher, continuing their winning streak for a fifth consecutive day.

Daily Market Review:

The benchmark indices opened on a positive note in today’s session. The indices advanced higher in the early part of the day, before they faced resistance at higher levels and subsequently sold off to close the day with losses. Continue reading “Daily Big Picture – Market Sells Off After Facing Resistance at Higher Levels”

Daily Big Picture – Market Inches Higher for a Fourth Day in Succession

MarketSmith India_William Oneil India

Today’s Action:

Benchmark indices traded higher in today’s session, making it the fourth consecutive session of gains. Broader indices moved higher, in line with the frontline indices.

Daily Market Review:

The benchmark indices continued their positive momentum from yesterday’s session, as they gradually moved higher through the course of the day. The market took the RBI’s status quo on rates in its stride, even as there were small hopes of a 25 basis points cut in repo rate in light of the slowing growth in the economy.

Continue reading “Daily Big Picture – Market Inches Higher for a Fourth Day in Succession”