Daily Big Picture: Learn how to invest in stock market during a Downtrend

Daily Market Review

Market Pulse : Downtrend

Nifty succumbed to selling pressure immediately after opening on a flat note. It breached its recent low (11,614) and made a new yearly low of 11,536. The Indian market has been moved to a Downtrend, as it breached its correction low of 11,614. However, in the second half of the session, there was a short-covering rally which helped Nifty to pare some of its losses. Today’s session was volatile due to the expiry of futures & options contracts of the February series.

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Daily Big Picture: Cipla Receives USFDA Warning for Goa Manufacturing Facility. Learn about the market prediction today.

Daily Market Review

Market Pulse : Rally Attempt

Taking cues from global markets, Nifty opened with a gap down of about 60 points. As the day progressed, it attempted a modest recovery before succumbing to selling pressure in the last hour of today’s session where it shed about 0.70% and ended a volatile day holding significant losses. In the process, the index breached its crucial 200-DMA (11,684). Volume was on the higher side, compared with the previous trading session. Continue reading “Daily Big Picture: Cipla Receives USFDA Warning for Goa Manufacturing Facility. Learn about the market prediction today.”

Daily Big Picture: As Speciality Chemical Stocks surge, find out the top stocks with CANSLIM

Daily Market Review

Market Pulse :Rally Attempt

Nifty opened with a gap down of about 50 points as the spread of coronavirus outside China fuelled concerns of a global pandemic. The index traded in a narrow range and remained under selling pressure. It closed below 11,800, holding moderate losses. Currently, Nifty is trading 2.7% and 1.2% below its 50- DMA and 100-DMA, respectively. It is crucial for Nifty to not breach its 200-DMA (11,684).

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Stock Market Tips for a Simple Investment Routine

MarketSmithIndia_StockMarketTips

“A standout stock needs both a sound growth record in the recent years and a strong current earnings record in the last several quarters. It’s the powerful combination of these two critical factors, rather than one or the other, that creates a super stock, or at least one that has a higher chance for true success.” – William J. O’Neil, MarketSmith Founder

For an investor, having the right approach toward choosing a stock is the key to making sound investments. Identifying leaders in a market uptrend and timing the purchases at the right entry point or a breakout will be an ideal strategy. Here are the three basic steps that come handy while taking new positions.

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Daily Big Picture : Code Red for All Sectors, Here are some share market tips for such Market Conditions.

Daily Market Review

Market Pulse : Rally Attempt

Nifty opened with a gap down of 70 points. It consolidated a bit before succumbing to selling pressure. It shed around 250 points to end near the day’s low of 11,813. In the process, it breached its key support of the 100-DMA. Currently, it is trading 2.5% and 1% below its 50- DMA and 100-DMA, respectively. It is crucial for Nifty to not breach its 200-DMA (11,682). All Nifty50 stocks ended in the red.

Continue reading “Daily Big Picture : Code Red for All Sectors, Here are some share market tips for such Market Conditions.”