Month: August 2018

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Weekly Big Picture – Indian Market Extends Gains; Hindalco, SBI Report Weak Results

Market Pulse:

Confirmed Uptrend

Weekly Action:

One down and four up days. Nifty, +0.6%; Sensex, +0.8%; Model portfolio, +1.1%; and MSI Ind 47, +xx%.

Weekly Market Review:

With the continuation of a previous bull run, the Indian market started the week on a robust note and continued to trade higher till the fourth day of the week.

Today’s session was marred by profit booking activity as the Nifty and the Sensex each dropped 0.4%. Continue reading “Weekly Big Picture – Indian Market Extends Gains; Hindalco, SBI Report Weak Results”

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Why One Should Not Predict Stock Market?

It is not productive to try to predict where the market will be tomorrow, next week, next month or next year. What you need to know is what the market is doing right now. When the market goes through a weak period, watch for signs of a new rally. Look for at least one of the major market indices to rise 1.5% or more on greater volume than the prior day. This “follow-through” usually happens in the fourth to seventh day of an attempted rally. There are other signs that help you spot a market bottom.

 

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Daily Big Picture – Bulls in the Driver’s Seat; Sensex Crosses 38K

Today’s Action:

Frontline indices extend their bull run to hit all-time highs; broader indices outperform. Nifty, +0.2%; Sensex, +0.4%; Model portfolio, +0.6%; and MSI Ind 47, +0.03%.

Daily Market Review:

Bulls continued to outsmart the bears, as frontline indices extended their record breaking spree.

Both the Nifty and the Sensex hit all time highs and gained 0.2% and 0.4%, respectively. For the first time the Sensex crossed the 38,000 mark.  Continue reading “Daily Big Picture – Bulls in the Driver’s Seat; Sensex Crosses 38K”