Thomas Cook gained 2.7% in today’s session and broke out of a nine-week long cup base pattern on more than four times its 50-day average volume. The stock exhibits strong technical characterizes with Buyer Demand of A- and Price Strength improving to 71 from 54 on March 2, 2018.
Today’s Action:
Leading indices fall prey to late profit-booking; broader market outperforms.
Daily Market Review:
Benchmark composites remained weak throughout the day, before slipping further toward the fag-end of the session.
A weak global market sentiment perturbed investors, as the Sensex and the Nifty posted losses of about 0.5%.
Broader indices fared better once again, with the Nifty Midcap and Smallcap indices posting gains of 0.4% and 0.8%, respectively. Continue reading “Daily Big Picture – Bulls Remain Clueless As Key Indices Post Losses”
TV Today Network rallied higher for the fifth consecutive session. Today, the stock observed massive accumulation, pushing it to a new high. The stock has now gained 30% after breaking out of a cup-with-handle base pattern on December 22, 2017.
Today’s Action:
Key composites recover at the fag-end; Midcap index outperforms.
Daily Market Review:
Despite weakness in global equity markets, India’s benchmark composites managed to limit losses, thanks to a late recovery.
The Nifty and the Sensex ended the day with small losses of 0.15% and 0.06%, respectively.
The broader indices showcased a divergent trend. The Nifty Midcap index posted a gain of 0.4%, while the Smallcap benchmark closed 0.04% lower. Continue reading “Daily Big Picture – Late Recovery Helps Market Limit Losses”
