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.
Daily Big Picture – Bulls Take a Back Seat as Nifty Breaches 10,800
Today’s Action:
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”
What is market direction?
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Our study shows 3 out of 4 stocks follow the market’s trend, so you always want to trade in sync with the market. MarketSmith India makes it easy to keep up with the market’s general trend.
Navigating Choppy Markets
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”
Chart Of The Week – Abbott India Jumps 13.9%; Scales New High
Abbott India rallied 13.9%, rebounding from its 10-week moving average. The stock scaled a new high during the week. It has strong technical characteristics with Price Strength of 93 and Buyer Demand of A+.
