Page Industries vetoed the negative market sentiment and zoomed 4.6% in today’s session. The stock entered new high ground and closed 9% above its pivot of Rs 25,789.95.
Benchmark indices take a U-turn from Friday’s gain. Distribution count remains same.
Daily Market Review:
The Indian market lagged amid a sell-off in banking, auto and media stocks today.
Tracking weak global cues, both the benchmark indices opened lower and deepened their losses as selling pressure mounted in the final hour of the trade.
In the end, both the Nifty and the Sensex logged a loss of 0.6% each. Nifty breached its crucial support of 10,800 levels. However, volume came at lower levels and hence both key indices escaped adding a distribution day. Continue reading “Daily Big Picture – Bulls Take a Back Seat as Nifty Breaches 10,800”
When the stock market is in a strong uptrend, it usually lifts all boats and gives investors plenty of room to run with their stocks.
In a sharp downtrend, MarketSmith users know to stay away until the trend changes.
But there are times when the markets are choppy and making a profit — even a small one, not the 20% to 25% variety — is frustratingly difficult. Continue reading “Navigating Choppy Markets”