Today’s Action
Benchmark indices gain for the third straight trading session. Nifty, +0.4%, Sensex, +0.6%, Model Portfolio, -1.1%; MSI Ind 47, -0.9%.
Daily Market Review
India’s benchmark indices posted modest gains on Wednesday in a range-bound trading session. The Nifty broke its 200-DMA intraday but fell back to end 0.4% up from the previous session’s close. Continue reading “Daily Big Picture – IT Stocks Gain; Nifty up 0.4%, Midcaps down 0.9%”
[embedyt] https://www.youtube.com/watch?v=elLJ7TOw4DU[/embedyt]
Why Nestle India and Sterlite Technologies Could Be a Good Buy For Your Portfolio – MarketSmith India Webinar covers the following :
• Recent quarter performance
• Peer comparison
• Growth drivers
Colgate Pamolive India Limited rallied 3.3% with 2.4x times average volume. It sustained the marginal breakout it exhibited yesterday and is currently trading ~3% above its pivot price.
Today’s Action
Benchmark indices continued their gains on Tuesday. Nifty, +0.5%, Sensex, +0.5%, Model Portfolio, +1.1%.; MSI Ind 47, +0.5%.
Daily Market Review
India’s benchmark indices continued to rally for the second day of the ongoing week. Nifty PSU Bank (+1.0%) continued its positive streak along with Nifty IT (+1.4%). However, Nifty Pharma (-1.3%) was the worst performer dragged down by losses in Sun Pharm.Industries and Piramal Enterprises. Nifty Metal (-0.7%) also ended in red led by steel companies. We downgraded Nifty Pharma from a Rally Attempt to a Downtrend as it fell to a new low today. Continue reading “Daily Big Picture – Nifty ends 0.5% Higher led by IT Stocks, Nifty Pharma in Correction”
Hindustan Unilever Ltd rallied 4.1% today volume 60% more than average volume. The stock was forming a 63 days long “Cup-with-handle” pattern and exhibited a legitimate breakout today.
