Special Report : Don’t Shy Away From a Re-buy Even if a Good Stock’s First Breakout Fails

Remember the saying, “If at first you don’t succeed, try, try again?” In stock investing, you have to be prepared to do just that. It might take several buys before a stock starts moving your way.

Trading is not as easy as just hitting the buy button on a sound stock that is breaking out of a textbook chart pattern in heavy volume. You cannot expect every stock you buy to be a big winner the first time you buy it. Even if you have bought the true leader in a top-ranked group, you can still be prone to a shakeout. Continue reading “Special Report : Don’t Shy Away From a Re-buy Even if a Good Stock’s First Breakout Fails”

Daily Big Picture – Nifty Ends in Green in Range-bound Session; Yes Bank Announces its New MD & CEO

Today’s Action

Nifty, +0.2%, Sensex, +0.2%, Model Portfolio, +0.4%; MSI Ind 47, +0.1%, Nifty Midcap, -0.3%, Smallcap -0.4%.

Daily Market Review

Market Status: Uptrend Under Pressure.

The Nifty’s distribution day count stands at five.

The Nifty was trading flat to down during today’s session. However, it ended in the green after strong gains posted by Yes Bank at the end of the session. It breached its 200-DMA during the day but managed to retake it towards the end. The volumes were weak during the day but improved before the closing bell. Continue reading “Daily Big Picture – Nifty Ends in Green in Range-bound Session; Yes Bank Announces its New MD & CEO”