Month: January 2019

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Daily Big Picture – Federal Bank Q3 Earnings Above Estimates; HUL Meets Estimates

Today’s Action 

Nifty, +0.1%, Sensex, +0.1%, Model Portfolio, -0.5%; MSI Ind 47, -0.2%, Nifty Midcap, -0.3%, Smallcap -0.2%.

Daily Market Review

Market Status: Uptrend Under Pressure.

The Nifty’s distribution day count stood at four.

The Nifty50 closed in the green, but the Nifty Mid-cap and Small-cap closed in the red. The advance-decline ratio was in favor of decliners. Of the 2,064 stocks traded on the NSE, 655 advanced, 1,034 declined, and 375 remained unchanged. If the Nifty is able to sustain above its 100-DMA in the upcoming sessions, it will be a bullish signal for any further momentum. Now, 10,985 will be the key level to watch. If the Nifty closes above 10,985, the market status will be changed to a Confirmed Uptrend.    Continue reading “Daily Big Picture – Federal Bank Q3 Earnings Above Estimates; HUL Meets Estimates”

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Daily Big Picture – Nifty Gives up Intraday Gains to Close Flat; DCB Bank Q3 Earnings Beat Estimates

Today’s Action

Nifty, +0.03%, Sensex, +0.01%, Model Portfolio, -1.2%; MSI Ind 47, -0.3%, Nifty Midcap, -0.1%, Smallcap +0.1%.

Daily Market Review

Market Status: Uptrend Under Pressure

The Nifty closed flat after it sheds intraday gains. The positive from the day was that the Nifty managed to trade above its 100-DMA. If the Nifty is able to sustain above the 100-DMA in the upcoming sessions, it will be a bullish signal for any further momentum. Now, 10,985 will be the key level to watch. If the Nifty closes above 10,985, the market status will be changed to a Confirmed Uptrend.   Continue reading “Daily Big Picture – Nifty Gives up Intraday Gains to Close Flat; DCB Bank Q3 Earnings Beat Estimates”

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Daily Big Picture – Nifty Closed Above 100-DMA; IT Stocks, Reliance Lead Gains

Today’s Action 

Nifty, +1.4%%, Sensex, +1.3%, Model Portfolio, +0.2%; MSI Ind 47, +1%, Nifty Midcap +0.7%, Smallcap +1.1%.

Daily Market Review

Market Status: Uptrend Under Pressure

The Nifty rebounded from its 50-DMA, and closed above important resistance of 100-DMA. From the last four weeks, the Nifty was range bound between 50-and 100-DMA. If the Nifty is able to sustain above the 100-DMA in the upcoming sessions, it will be positive signal for any further momentum. Now, 10,985 will be the key level to watch. If the Nifty closes above 10,985, the market status will be changed to a Confirmed Uptrend.    Continue reading “Daily Big Picture – Nifty Closed Above 100-DMA; IT Stocks, Reliance Lead Gains”

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Daily Big Picture – Nifty Adds Fresh Distribution Day; D-Mart Nosedives Post Poor Q3 Numbers

Today’s Action 

Benchmark indices declined for the third straight day. Nifty, -0.5%, Sensex, -0.4%, Model Portfolio, -0.9%; MSI Ind 47, -0.2%, Nifty Midcap -0.4%, Smallcap -0.3%.

Daily Market Review

Market Status: Uptrend Under Pressure

The Nifty breached its 50-DMA intraday, but was able to retake it before the close. One distribution day expired today due to aging while the Nifty added a fresh one today. Hence the total distribution day count remains unchanged at four. This is the second time in last three days that the Nifty added a fresh distribution in the very next session after the old distribution day expired. It indicates that markets are not marching toward rally and remains in limbo.   Continue reading “Daily Big Picture – Nifty Adds Fresh Distribution Day; D-Mart Nosedives Post Poor Q3 Numbers”

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Five Bullish Traits of a Healthy Base

The year 2018 had been a sloppy one for midcap and smallcap stocks. While India’s key composite, the Nifty, advanced just 3.1%, the Nifty Midcap and Smallcap indices have seen massive cuts of 15.5% and 29%, respectively. Some leading stocks of 2018 have tumbled more than 20% from their highs.

To say the least, it has been a challenging period to find stock breakouts working for you. Such episodes of market uncertainty often result in uneven performance. That said, we think the correction in the midcap and smallcap space should serve well in the near future. Continue reading “Five Bullish Traits of a Healthy Base”