Tech Mahindra surges 8.6% after Q2 results beating street estimates. It reported PAT of Rs 1,064 crore, up 18.5% q/q. On sequential basis, its operating margin rose by 240bps to 15.3%. The stock retakes 50-DMA and 100-DMA on above-average volume.
How to Approach Volatility in Markets – MarketSmith India Webinar 31st October 2018
[embedyt] https://www.youtube.com/watch?v=c6IvKp-HjSc[/embedyt]
How to approach volatility in markets – MarketSmith India Webinar covers the following:
• Current market condition
• How to identify volatility in Markets
• Portfolio Management
• Managing risk-reward
What if a Stock Fails in its Third Base and Then Forms a Healthy Base?
A late-stage (third or fourth) base can work, but the odds are against it. The primary issue with late-stage bases is that they are much more obvious. And the obvious does not work in the stock market. Normally, a late-stage base is wider and looser than previous bases. The primary issue with a late stage base is that they are much more obvious. And the obvious does not work in the stock market. So, even if a late-stage base is perfect in its shape, it is still riskier than a first-or second-stage base.
Chart Of The Day -SBI retook its 200-DMA with above average volume
Market Condition and How to approach the markets this week?
Current Market Status
The earnings season has been muted so far and Indian markets continued to remain in a Downtrend. All sectoral indices ended in the red (as of friday), except NIFTY Realty (+0.53%), which registered nominal gains. NIFTY Pharma (-5.5%) was the worst performing sector heading into the earnings season. Continue reading “Market Condition and How to approach the markets this week?”