Today’s Action:
Key indices limit losses to 0.7% in a volatile trading session; Broader indices underperform once again.
Daily Market Review:
Stock composites continued to reel under pressure, as investor sentiment deteriorated further in the aftermath of the PNB fraud. Continue reading “Daily Big Picture – Nifty Gets Fifth Distribution Day Despite Late Recovery”
When a winner starts losing, the investor who rode the stock all the way up is sometimes slow to recognize a change in character. Hasn’t the stock declined before only to form a fresh base and take off? Why should the current decline be any different?
This can be a problem for patient investors, especially if they focus too much on fundamentals. Many stocks begin to fail well before the fundamentals suggest trouble. Continue reading “Know This Sell Rule: Is the Stock Living Beneath the 10-Week Line?”
Gala Global Products went up the hill as the stock posted a weekly gain of 51%. The Company reported strong Q3 numbers on Monday, delivering a revenue growth of 27.4% y/y and EPS rose to whopping 136% y/y. As a result, the stock re-breaks out from its cup base and currently trades 54% above from its pivot price of INR 192.
Shaily Engineering beat the market heat as the stock hits a new high. The stock exhibits strong technical and fundamental characterises with EPS rank of 87 and RS strength of 95. Currently, the stock is extended as its trading 94% above its pivot price of INR 703.
Status:
Uptrend Under Pressure
Highlights:
Two up and two down days
Weekly Market Review:
After two weeks of continuous decline, India’s key indices made a spirited attempt to bring home decent gains.
However, that attempt was cut short as the PNB fraud news played spoilsport. Weakness in PSU banking stocks did not take much time to spread across the market. Continue reading “Weekly Big Picture – Market Fails to Capitalize on Good Start; Ends Flat”
