Coffee Day Enterprises witnessed massive accumulation in today’s session, as the stock surged 20% on almost 10 times the 50-day average volume. The stock had broken out from a consolidation base pattern in early December 2017 and has now advanced 18% from its pivot price of INR 277.
Today’s Action:
Benchmark indices make fresh highs on a closing basis.
Daily Market Review:
Today markets observed a volatile trading session; and thus, hinting at more of trading than investing. Amidst this topsy-turvy movement, markets managed to reach fresh highs today. However, Midcap and Smallcap indices observed some sell-off, as traders resort to booking profit. Continue reading “Daily Big Picture – Indian Market At Record Highs”
Investor interest refused to die down in Phillips Carbon Black, as the stock continued its stupendous run with a 19.4% gain today. The stock rallied to an all-time high, driven by heavy volume accumulation.
Today’s Action:
The Nifty and the Sensex elates investors after touching new highs.
Daily Market Review:
Benchmark indices set the Dalal Street in euphoria of success, which is fueled by an increasing investors confidence in the Indian market. Today, both the indices scaled to fresh highs; thus, setting a grand prelude for this week. The rally in Midcap and Smallcap indices further induces us to think that 2018 might repeat 2017 or may be better. However, it is too early to comment on this year. Market is at record highs, and investors should not hesitate in buying stocks, which are fundamentally and technically strong. Continue reading “Daily Big Picture – Euphoric Rally On Dalal Street Lifts Nifty Above 10,600”
Buyers thronged the counter of Tasty Bite Eatables, as the stock rallied 26.8% during the week. The stock had broken out of a 12-week long cup base pattern in November 2017, and since then it has advanced 63% from its pivot price of INR 6,137. The stock has been in an uptrend for a long time, giving annual returns of over 100% for four straight years (2014-2017).
