Month: June 2018

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Daily Big Picture – Nifty Remains Content With 0.2% Gain

Today’s Action:

Major indices settle for minor gains; broader market ends on a mixed note.

Daily Market Review:

Selling pressure in the final hour of the session forced frontline indices to settle for small gains. After trading firmly for most part of the session, the Nifty and the Sensex closed 0.2% and 0.1% higher, respectively.

It was a similar story in the broader market as the Nifty Midcap pared early-session gains. Eventually, the Nifty Midcap closed 0.03% lower, while the Nifty Smallcap inched 0.2% higher.   Continue reading “Daily Big Picture – Nifty Remains Content With 0.2% Gain”

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Is There Anything Worse Than Losing Money in Stocks?

After beating benchmark returns comprehensively over the past three years, our portfolio has seen a roller-coaster ride so far in 2018. With broader market indices taking a beating and the general market turning choppy, we had to cut losses in quite a few of our recent stock additions.

While most of those stocks might recover and appreciate in future, we stuck to our strategy of cutting losses that has served us well for more than five decades. When a market uptrend reverses and shows signs of distribution, there is no point holding onto stocks that might not even come back to their previous highs in the next uptrend. Well, that’s how the markets are. A leader of the previous market uptrend rarely retains the leadership status in the next uptrend. Arguing with the market at this juncture could cost one a lot of money. And that’s the reason why an 8% stop-loss is much better than sitting in a stock that either corrects 30-40% or remains sideways for months. Continue reading “Is There Anything Worse Than Losing Money in Stocks?”

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Chart Of The Day – Sun Shines At The Bourses

Sun Pharma Industries witnessed heavy buying interest as the stock rallied 8.1% on massive volume. The Company’s Halol plant is reported to have received a voluntary action initiated status which requires no re-inspection at the facility. It is currently consolidating in a first-stage base pattern with pivot price of Rs 608.95.

Sun Pharma Industries_MarketSmithIndia

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Weekly Big Picture – Nifty Climbs Higher For Third Straight Week

Market Pulse:

Uptrend Under Pressure

Highlights:

 Two up and three down days

 Weekly Market Review:

 In a highly eventful week, the benchmark indices advanced 0.6-0.7%, extending their winning streak to three weeks.

 Frontline indices began the week on the back foot, after a positive opening at the bourses was turned upside down in the first two sessions.

 The broader market indices became victims of massive selling pressure on Monday and Tuesday. Continue reading “Weekly Big Picture – Nifty Climbs Higher For Third Straight Week”