MARKET PULSE:
Status: Confirmed Uptrend
Highlights:
Three down days, Two up days
Weekly Market Review:
India’s benchmark indices got caught in bear grip, as weakness in the global market dented on domestic market. Bears gained the upper hand, as soon as the week began with heavy selling on Monday. However, the Indian market came back quite well in the final two session of the week. Continue reading “Weekly Big Picture – Moody’s Upgrade Lifts Sentiment; Nifty Limits Weekly Loss to 0.4%”
Radico Khaitan resumed its uptrend in today’s session, as the stock sprinted 15% and made a new high. The stock has advanced by an impressive 67% in just 16 weeks post its breakout from a consolidation base pattern in August 2017. The Company had reported a 23% increase in revenues and a 27% rise in EPS.
Today’s Action:
Key indices displayed a spellbound trading session today, as they posted gains for the first time, after three consecutive days of distribution this week. The Nifty dropped one distribution day, due to ageing.
Daily Market Review:
Benchmark indices bounced back today ending a three day losing streak. The Nifty closed above 10,200 mark, while the Sensex also gained more than 300 points in today’s trading session. Midcap and Small cap indices also snapped from their down trend, following the frontline indices. Continue reading “Daily Big Picture – Bulls Back With A Punch As Key Indices Turn North”
Control Print witnessed massive accumulation in today’s session, as the stock rallied 8.31% despite weakness in the overall market. The Company had reported impressive results after market hours on November 13. Revenues increased 20.5% y/y, while EPS jumped 58.4%. The stock broke out of a 15-week long consolidation base pattern in today’s session.
Today’s Action:
Benchmark extends losses with lower volume. Distribution count remains same.
Daily Market Review:
For the third consecutive day, the Indian market ended in a negative territory. Benchmark indices opened on a negative note, amid weak global cues, and continued to be sluggish. Further, the data on India’s trade deficit also hurted the investor sentiments. The India’s trade deficit came at a three-year high of $14.01B in October, from $8.98B in September 2017. Continue reading “Daily Big Picture – Bulls Feel The Heat As Nifty Breaches 50-DMA”
