Weekly Big Picture – Nifty Closes Above 10,450 Amidst Consolidation

Teaser_MarketSmithIndia

MARKET PULSE:

Status: Confirmed Uptrend

Highlights:

Three up days, Two down days

Weekly Market Review:

Market participants had a tough week, as bulls and bears entangled into an oscillated battle, resulting in volatility over the week. Bulls ruled Monday’s session, but profit booking on Tuesday and Thursday trimmed the gains on the bourses. Continue reading “Weekly Big Picture – Nifty Closes Above 10,450 Amidst Consolidation”

Chart Of The Day – Harita Seating Sprints To A Record High

Harita Seating Systems zoomed past the 1,000 price level, as the stock jumped 20% and hit upper circuit in today’s session. The stock witnessed huge accumulation as today’s volume was more than 15 times the 50-day average volume. It broke out of a one year long consolidation base pattern in today’s session.

HARITASEAT_MarketSmithIndia

Daily Big Picture – Bulls Rest As Market Trades in Channel

 

Teaser_MarketSmithIndia

Today’s Action:

Key Indices traded within a narrow range today. However, even on a subdued trading day, indices managed to touch new highs signalling a strong bullish trend for the market.

Daily Market Review:

Benchmark indices experienced a range-bound trading session today, with  both the indices touching new highs. Markets traded flat, for major part of the day, before ending the day with marginal losses. Broader Indices extended their gains. Continue reading “Daily Big Picture – Bulls Rest As Market Trades in Channel”