Daily Big Picture – Nifty Limits Loss Amid Havoc in Broader Market

Today’s Action:

Nifty holds above 50-day line; broader market sell-off intensifies.

Daily Market Review:

For the second day in a row, a positive opening on Nifty ended in a loss, as selling pressure mounted on Dalal Street.

While benchmark composites managed to limit losses at 0.3%, the carnage in midcap and smallcap stocks rubbed salt on wounds of investors.

The Nifty Midcap and Smallcap received a thrashing once again, as they shed 1.3% and 2.5%, respectively. The Nifty Smallcap closed just 2% above its 52-week low today.  Continue reading “Daily Big Picture – Nifty Limits Loss Amid Havoc in Broader Market”

How Long Should You Wait In A Stock That Moves Sideways After You Buy It?

“A picture, they say, is worth a thousand words. But to the successful investor, a picture in the form of a stock chart is worth a lot more. And not just in words.” – William J. O’Neil, MarketSmith Founder

By now, most investors would have figured out that the Indian stock market has indeed undergone a character change.

From a free-flowing upward trending market in 2017, we are now seeing high volatility leading to choppy movements. Continue reading “How Long Should You Wait In A Stock That Moves Sideways After You Buy It?”

Daily Big Picture – Bears Stamp Authority; Smallcap Sell-Off Continues

Today’s Action:

Sensex witnesses distribution day; broader market sell-off continues.

Daily Market Review:

A strong opening at the bourses was turned upside down as India’s frontline indices ended the day 0.6% lower.

While both the Nifty and Sensex managed to limit their losses, it was a completely different story in the broader market.  Continue reading “Daily Big Picture – Bears Stamp Authority; Smallcap Sell-Off Continues”