Rain Industries broke the 200 price barrier in today’s session, as the stock rallied 9.5% on massive volumes. The stock extended its year-to-date gains to 275%.
Weekly Big Picture – Bulls Back on the Bourse
MARKET PULSE
Status: Uptrend Under Pressure
Highlights:
Four up days, one down day
Weekly Market Review:
The equity benchmark started the week on Monday with marginal gains and positive bias. On Tuesday, the indices extended their gains only to witness some heavy distribution on Wednesday mainly due to Korean tensions. However on Thursday, bulls took charge of the market as both the Sensex and the Nifty posted gains of more than 1%. Friday observed the Nifty crossing the resistance level and making an intraday all-time high of 10,191.90, while the Sensex gained almost 250 points, setting the perfect bullish tone for the market in the festive week ahead. Continue reading “Weekly Big Picture – Bulls Back on the Bourse”
Chart Of The Day – Thirumalai Chemicals Continues Its Stellar Run
Thirumalai Chemicals rallied 9.9% in today’s session, thanks to strong buying interest in the scrip. The stock has gained 79% after breaking out of a cup base pattern in July 2017.
Daily Big Picture – Metal and Energy Stocks Lift Up the Market
Today’s Action:
Both the indices observed a relatively smooth trading session today. After starting higher than the previous day, equity indices observed a spurt in trading volume near the closing hours of today’s trade.
Current Outlook:
– Be cautious with any new purchases.
– Make a defensive game plan for your portfolio.
– Stay disciplined and exercise sound sell rules.
Daily Market Review
Benchmark Indices displayed a spellbound trading session today, thanks to the last-hour trade which resulted in the Sensex and the Nifty both ending the day with hefty gains.
Continue reading “Daily Big Picture – Metal and Energy Stocks Lift Up the Market”
Chart Of The Day – Avenue Supermarts: The Dream Run Continues
Despite weakness in the overall market, Avenue Supermarts made a new high in today’s session. The stock has now multiplied four times from its original issue price of Rs 300 in a span of almost seven months.
