Month: April 2018

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Weekly Big Picture – Key Indices Maintain Bullish Stance In Expiry Week

MARKET PULSE:

Confirmed Uptrend

Highlights:

Four up and one down days

Weekly Market Review:

The bulls were in charge again on D-street, as both major indices accumulated gains for the fifth consecutive week.

The expiry week began on a strong footing, as Nifty and Sensex started off on a positive note. IT, Realty and Pharma stocks outperformed on Monday. The rally in IT stocks was so strong it helped India in getting its $100 billion company- Tata Consultancy Svs. after a decade. Reliance Industries had earlier achieved this milestone in 2008. Continue reading “Weekly Big Picture – Key Indices Maintain Bullish Stance In Expiry Week”

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Daily Big Picture – Expiry Session Ends Well For Market

Today’s Action:

Major indices pocket decent gains; smallcap stocks underperform.

Daily Market Review:

Frontline indices bounced back in Thursday’s session, thanks to late buying at the bourses. Nifty rallied in the final hour of trade to close 0.5% higher, while the Sensex gained 0.6%.

Broader market indices underperformed the major composites, as the Nifty Midcap and Smallcap settled with gains of 0.4% and 0.02%, respectively.

Continue reading “Daily Big Picture – Expiry Session Ends Well For Market”

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Chart Of The Day – TeamLease Beats Market Heat

TeamLease Services followed up yesterday’s 9.6% gain with a ~10% rally today. The stock witnessed heavy buying interest as today’s volume was almost four times the 50-day average volume. With today’s gain, the stock broke out of a 17-week long consolidation base pattern. It closed 6.7% above its pivot price of Rs 2,543.70.

TeamLease Services Limited_MarketSmithIndia

 

 

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Daily Big Picture – Bulls Take Break From Two-Day Gains

Today’s Action:

Benchmark indices post light losses, escape distribution day.

Daily Market Review :

Stocks reversed lower on Wednesday as frontline indices snapped a two-day winning streak. The 50-pack Nifty gave back 0.4% whereas Sensex fell 0.3%.

Major indices slipped right from the start, mirroring weakness in the U.S. stocks. The selling pressure mounted on Wall Street after 10-year treasury yield hit 3% for the first time in more than four years.   Continue reading “Daily Big Picture – Bulls Take Break From Two-Day Gains”