Today’s Action:
Frontline indices end with small losses; smallcaps remain weak.
Daily Market Review:
The week began on a subdued note amid low buying interest mainly on account of escalating global trade war fears.
Benchmark indices, the Nifty and the Sensex, traded in a narrow range before closing 0.2% lower. Today’s action did not qualify as a distribution day on both the indices. Continue reading “Daily Big Picture – Market Dips Lower in a Lacklustre Session”
In stock markets, many of the greatest winners will offer you several chances to buy. But not all entries will be from proper base patterns.
So if you want to raise your game when it comes to buying top-notch market winners, don’t just look for breakouts. Develop an eagle eye to spot the moment that an emerging winner makes the first or second pullback to the 10-week moving average, as seen on its weekly stock chart (or a 50-day moving average on a daily chart).
The 10-week line tends to draw support from deep-pocketed institutions looking to add to their positions on a setback and to defend the stock from making a bearish slide in price. Continue reading “Searching For a New Buy Point? Find Tests of the 10-Week Moving Average”
After facing selling pressure for three weeks in a row, Parag Milk Foods jumped about 10% on above-average volume. The stock has advanced 9% from its pivot price of Rs 318.40.
Take Solutions continued its good run as the stock rallied 11.4% on massive volume. The stock has advanced 62% after breaking out of a consolidation base pattern two months ago.
Market Pulse:
Uptrend Under Pressure
Highlights:
One down and four up days
Weekly Market Review:
India’s frontline indices managed to post weekly gains for the fourth week in a row. Led by accumulation in pharma stocks, the Nifty and the Sensex pocketed decent gains of 0.5% each.
The broader market indices failed to catch up with their larger counterparts, as the Nifty Midcap and Smallcap slipped 0.1% and 0.4%, respectively. Continue reading “Weekly Big Picture – Nifty Closes Above 10,800; Pharma Index Jumps 8.3%”
