Month: March 2018

Posted on

Daily Big Picture – Bears in the Driver’s Seat; Outlook Changes to Downtrend

Today’s Action:

Leading indices signal trouble, as Nifty breaches 200-day line for the first time in 15 months.

Daily Market Review:

Market bears came out all guns blazing, as the Nifty and the Sensex extended their losing streak to four and five sessions, respectively.

Today, the Nifty and the Sensex lost 1% and 0.8%, respectively. The indices were dragged mainly by IOC and BPCL, which tumbled almost 4% each, after reports suggested that the refiners might buy stake in GAIL. Continue reading “Daily Big Picture – Bears in the Driver’s Seat; Outlook Changes to Downtrend”

Posted on

Chart Of The Week – Jindal Worldwide On A Roll

Shares of Jindal Worldwide advanced despite a negative market sentiment. During the week, the stock broke out from a five-week flat base pattern and scaled record highs. The stock has strong technical and fundamental characteristics with EPS Rank of 95, Buyer Demand of B+ and Price Strength of 98.

Jindal_MarketSmithIndia

Posted on

Market Rewards Preparation, Not Prediction

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” – Abraham Lincoln

The Indian stock market had a dream run in 2017, as it went past multiple hurdles to scale new highs time and again. After languishing sideways in 2015 and 2016, a strong year like 2017 was somewhat expected. However, the magnitude of returns took everyone by surprise. Sensex’ 28% return in 2017 was ranked the 15th best year in the 38 years of its existence. Continue reading “Market Rewards Preparation, Not Prediction”

Posted on

Weekly Big Picture – Bears Remain on Top as Political Tensions Rise

MARKET PULSE

Status:

Rally Attempt

Highlights:

Two up and three down days

Weekly Market Review:

Forget your pride and ego; the market doesn’t know or care what you think. No matter how smart you think you are, the market is always smarter – William O’Neil

The above quote rightly describes this week’s action. After starting the week on a solid note, the Indian market left investors high and dry in the following sessions. Continue reading “Weekly Big Picture – Bears Remain on Top as Political Tensions Rise”