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.

Ashok Leyland_MarketSmithIndia

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”