Month: January 2019

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Nifty Adds Distribution Day; TVS Motors Q3 Results Beat Estimates

Today’s Action 

Nifty, -0.4%, Sensex, -0.4%, Model Portfolio, -0.3%; MSI Ind 47, +0.05%, Nifty Midcap, -0.1%, Smallcap -0.2%.

Daily Market Review

Market Status: Uptrend Under Pressure.

The Nifty’s distribution day count stands at five.

Today, the Nifty added a distribution day as it was down more than 0.2%, on volumes higher than last session. This takes the distribution day count to five. Intraday, the Nifty hits a low of 10,864, from where it was able to rebound and closed at 10,922.

Continue reading “Nifty Adds Distribution Day; TVS Motors Q3 Results Beat Estimates”

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Daily Big Picture – Nifty Finds Resistance After Early Gain; Kotak Bank Q3 Results Beat Estimates

Today’s Action 

Nifty, +0.5%, Sensex, +0.5%, Model Portfolio, +0.4%; MSI Ind 47, -0.1%, Nifty Midcap, -0.8%, Smallcap -0.9%.

Daily Market Review

Market Status: Uptrend Under Pressure.

The Nifty’s distribution day count stood at four. Continue reading “Daily Big Picture – Nifty Finds Resistance After Early Gain; Kotak Bank Q3 Results Beat Estimates”

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Market Condition and How to Approach the Markets this Week

Where are we?

The week started with weak IIP data for November, which was at a 17-month low of 0.5%. Markets reacted negatively to the data and the Nifty lost 0.5% on Monday. It was the only loss day during the week. However, other key macroeconomic indicators, CPI (2.19%) and WPI (3.8%), for December, gave a ray of hope for a probable rate cut by the Reserve Bank of India. Over the next four days, the Nifty posted positive returns. The overall return for the week was +1.0%.

With greater-than-expected earnings, Reliance advanced 7.99% during t Continue reading “Market Condition and How to Approach the Markets this Week”

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How to Take Cues from Earnings to Identify Successful Breakouts

The earnings season has already started and there will be more companies that will release their quarterly results in the coming weeks. This period of the quarter is important in determining the pace of economy as well as the outlook for individual businesses and sectors. The stock market is obviously highly sensitive to earnings’ outcome, specifically to whether consensus estimates were missed or bettered. But these earnings reports can also cause needless volatility, bringing losses in the short-term. So, what is the best way to leverage the earnings season to make profits in stock markets?

Things to Keep in Mind

Continue reading “How to Take Cues from Earnings to Identify Successful Breakouts”

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Weekly Big Picture – Energy and IT Stocks Lead; Sun Pharma Down on Whistleblower Complaint

Market Pulse

Uptrend Under Pressure

Weekly Action

Benchmark indices posted weekly gains. Nifty, +1.0%; Sensex, +1.0%; Nifty Midcap, -0.8%; Nifty Smallcap, -0.4%; Model Portfolio, -2.3%; and MSI Ind 47, -0.2%.

Weekly Market Review

The Nifty started the week on a subdued note and added a distribution day to the total count. This came after a weak trade was observed in the Asian market as China trade data started trickling in. However, the index came back strongly on Tuesday and closed above its important resistance level of the 100-DMA. Continue reading “Weekly Big Picture – Energy and IT Stocks Lead; Sun Pharma Down on Whistleblower Complaint”