Month: October 2017

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Weekly Big Picture – Bulls Lead The Market Back to Rally

MarketSmith India _ Weekly Big Picture.

MARKET PULSE:

Status: Confirmed Uptrend

Highlights:

Two up days, one down day

Weekly Market Review:

This equity benchmark started the holiday truncated week on Monday with heavy gains, as both the indices made fresh highs. However, after gaining a bullish momentum, the indices started consolidating; therefore, on tuesday the Nifty ended almost flat while the Sensex ended in red.
Today, the Nifty observed some heavy distribution as it gained one distribution day, while the Sensex also posted a loss of almost 25 points.

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Is Real Estate on the Cusp of Something Special?

realestate

Indian Real Estate: All Set for a New Beginning?

The real estate sector is India’s second-largest employer after agriculture and contributes about 9% to India’s GDP. While the housing sector makes up for 5-6% of India’s GDP, it had been often neglected from the angle of regulatory issues. Project delays, hidden costs, and fraudulent advertisements are quite common in the housing sector. Continue reading “Is Real Estate on the Cusp of Something Special?”

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Daily Big Picture – Key Indices Touch New Highs Amidst Consolidation

MarketSmith India_William Oneil India

Today’s Action:

Both the Sensex and the Nifty observed an intraday all-time high today, however, it couldn’t sustain those levels and started consolidating as the day progressed. Finally, the Nifty managed to end flat while the Sensex ended the day with a marginal loss.

Current Outlook:

– Market environment conducive for new purchases, but remain selective.

– Focus on fundamentally strong stocks breaking out of strong technical patterns.

– Stay disciplined and exercise sound buy and sell rules

Daily Market Review

After scaling to a fresh high in yesterday’s trading session, the benchmark indices experienced a consolidation today as investors remained subdued in anticipation of quarterly earnings.

Continue reading “Daily Big Picture – Key Indices Touch New Highs Amidst Consolidation”