January 2018 | Page 7 of 11 | MarketSmith India Blog

January 15, 2018January 18, 2018

The I In CAN SLIM: Make Sure Top Fund Managers Are Backing Your Stock Picks

“A winning stock doesn’t need a huge number of institutional owners, but it should have several at a minimum ” – William J. O’Neil, MarketSmith Founder

The I in CAN SLIM represents one of the key driving factors behind the stock market’s advances and declines: the big money.

The big money is also known as institutional investors, so the “I” stands for institutional sponsorship. That refers to ownership of shares by mutual funds, hedge funds, pension funds and other big investors. Since their buying and selling account for the majority of trading on the stock exchanges, it’s a good idea to have them on your side. Continue reading “The I In CAN SLIM: Make Sure Top Fund Managers Are Backing Your Stock Picks”

January 13, 2018January 12, 2018

Chart Of The Week – Capital First Zooms Past its Previous High

Capital First locked in gains on all the five sessions of the week. The stock hogged the limelight throughout the week as market participants reacted to rumours about a potential merger with IDFC Bank. With the stock marching ahead, it broke out of a cup base pattern after clearing the previous high of INR 839. The stock closed marginally below its pivot price of 839.

Capital_MarketSmithIndia

January 12, 2018

Chart Of The Day – Reliance Nippon Soars to a New High

Reliance Nippon Asset Management leaped to a new high, as the stock rallied 10% before settling for a 7.1% gain. The stock had broken out of an IPO base pattern on December 29, 2017. However, it remained sideways following the breakout. With today’s gain, the stock has now advanced 6.5% from its pivot price of INR 299.

January 12, 2018

Weekly Big Picture – Bulls Stay Long And Strong As Nifty, Sensex Extend Winning Streak

MARKET PULSE:

Status: Confirmed Uptrend

Highlights:

Four up and one down days

Weekly Market Review:

India’s benchmark continues the good run for the sixth consecutive week, as both the Nifty and the Sensex pocketed a weekly gain of 1.16% and 1.28%, respectively. The benchmark indices started the week on a strong note with Monday’s trade closing higher 0.61% for the Nifty. The strong momentum was observed throughout the week barring a profit booking Wednesday’s session.
Continue reading “Weekly Big Picture – Bulls Stay Long And Strong As Nifty, Sensex Extend Winning Streak”

January 11, 2018

Chart Of The Day – Gujarat Ambuja Exports’ Purple Patch Continues

Gujarat Ambuja Exports witnessed yet another session of heavy-volume buying, as the stock surged to a new high. The stock rallied by 16.3% on more than eight times the 50-day average volume. It had broken out of a cup-with-handle base pattern on December 8, 2017 and since then it has advanced 51% from the pivot price of INR 182.