KEI Industries displayed strong momentum, adding 16% on above-average volumes in the last two trading sessions. As a result, the stock broke out of 8-week consolidation base and recorded a new high. The stock’s technical strength is backed by healthy fundamental growth. Its revenue and earnings over the last three years have grown at an average of 19% and 100%, respectively.
Benchmark indices started the day flat, following the Asian markets; Smallcap indices managed to extend their gains.
Daily Market Review:
Key indices lost their eight day winning streak, as both the indices observed some distribution ahead of derivatives expiry. Continue reading “Daily Big Picture – Bear Halts the Eight-Day Long Winning Streak”
This year, real estate stocks continues to be investor’s favourite on expectation of RERA benefits to orgainsed players. Kolte-Patil Developers was not an exception as the stock has given YTD return of 241%. The stock has now advanced 77% from its breakout of a second-stage double bottom base in September 2017.
Benchmark indices rebound from the afternoon’s low. Broader markets outperform major composites.
Daily Market Review:
The Indian market started the expiry week on a negative note, after the S&P global ratings agency Standard & Poor’s Ratings Services on Friday retained India’s ratings at BBB-and outlook stable. Despite few dips in the afternoon session and hitting an intraday low, both the indices managed to close on a positive note. This is the eighth straight session, where both the benchmark indices closed in the positive territory, completing the longest winning marathon of 2017. Continue reading “Daily Big Picture – Bulls Complete Longest Marathon As Indexes Yawn At S&P Outlook”
Decade after decade, new bull markets serve up big, new market leaders. Excellent fundamentals and increasing mutual fund ownership are two main catalysts for huge gains for select stocks. But all good runs eventually come to an end. It’s true in sports and it’s true in politics, but it’s especially true in the stock market. Continue reading “When To Sell Stocks: Big Break Below 50-Day Line Can Mark End Of A Huge Run”