Mastek continued to defy bears as the stock hit new high in today’s session. The stock scooped a gain of 3.7% on the back of above-average volumes. As a result, it is trading at 42% above its pivot level of Rs.373.50.
Weekly Big Picture – Bears Gain Complete Control; Send Market Into Downtrend
MARKET PULSE
Status:
Downtrend
Highlights:
One up and four down days
Weekly Market Review:
Selling pressure continued to mount on the Indian market, as the major indices corrected over 2% this week.
The Indian market’s action during the week was similar to a batting collapse in a cricket match, where once wickets start tumbling there is no stoppage. Continue reading “Weekly Big Picture – Bears Gain Complete Control; Send Market Into Downtrend”
Chart Of The Day – Ashok Leyland Steps On The Gas, Hits New High
As the Indian market snapped a six-session losing streak, Ashok Leyland quickly moved 2.4% higher to enter into new high ground. In previous few sessions, the stock had observed solid buying interest after the Company reported strong February-month sales data. The flagship company of Hinduja Group recorded a 29% growth in total sales of 18K units in February 2018.
Daily Big Picture – Sigh of Relief for Investors as the Nifty Reclaims 10,200 Mark
Today’s Action:
Key indices snapped six-day losing streak; Broader indices follow the suit.
Daily Market Review:
The benchmark indices recovered on Thursday, snapping six-day losing streak as both the Sensex and the Nifty were gaining less than a percent.
The stock indices started on a positive note amid strong Asian cues as worries surrounding trade war eased out. Reports suggest that Donald Trump’s import tariff plan may spare selected countries from much of the impact. Continue reading “Daily Big Picture – Sigh of Relief for Investors as the Nifty Reclaims 10,200 Mark”
How To Dodge Stock Market Scams – MarketSmith India Webinar – 6th March 2018
[embedyt] https://www.youtube.com/watch?v=w6LUXSxHzCA[/embedyt]
How to Dodge Stock Market Scams – MarketSmith India Webinar covers the following:
• PNB Scam in Detail
• Historical Scams in India
• Benefits of Rule-Based Investing
• Other Investing Scams