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Tricks To Spot A Major Stock Market Top – MarketSmith India Webinar covers the following:
• Need to Identify Market Tops
• How to count Distribution and its importance
• Leading Indicators of trend reversal:
• How to identify Laggards
• How to Protect Yourself by identifying the inflection point
3M India jumped 10.5% in today’s session to touch a new high. The stock witnessed massive accumulation with today’s volume coming in over nine times more than the 50-day average. It broke out of a flat base pattern recently and is up 13% from its pivot price of INR 16,975.
Today’s Action:
The Nifty faced a resistance at 10,550 mark , as soon as the key indices touched fresh highs they observed heavy sell-off from the investors.
Daily Market Review:
India’s major indices traded flat, for the most part of the day; however, as the indices scaled to new highs, they experienced some distribution as the Nifty added one distribution day today. Broader indices followed the market trend today. Continue reading “Daily Big Picture – Market Observed A Subdued Day Amidst Weak Global Cues”
Hester Biosciences, one of India’s leading animal healthcare companies, soared to a new high in today’s session. The stock jumped 18% on the back of massive buying interest today. On the year-to-date basis, the stock has advanced by a whopping 169%.
Today’s Action:
Benchmark Indices started the holiday-truncated week on a positive note.
Daily Market Review:
Indian markets traded flat today, until some buying in the last 30 minutes of the trade helped the key indices to end in the positive territory. Both the indices touched fresh highs today. Continue reading “Daily Big Picture – Market Welcomes Last Week Of The Year In Style; Touches Fresh High”
