Weekly Action
Nifty, -12.2%; Sensex, -12.3%; Nifty Midcap, -13.5%; Nifty Smallcap, -17.9%; Model Portfolio, 0%.
Market Pulse “Downtrend”
Weekly Market Review
Nifty snapped its four-day losing streak to close in positive today. However, it lost over 12% during the week, and at a three-year low. Nifty Midcap (-13.5%) and Smallcap (-17.9%) declined with the market. Financial stocks were the most impacted as the index lost as much as 20% during the week.
Today’s Action
Nifty, -2.4%; Sensex, -2%; Nifty Midcap, -4.3%; Nifty Smallcap, -5.5%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Downtrend
Nifty, after a gap down opening, traded toward the day’s high of 8,575. However, it succumbed to selling pressure in the last hour of trading and erased its gains to close below 8,300. About 80% of Nifty50 stocks closed in the red.
Today’s Action
Nifty, -5.6%; Sensex, -5.6%; Nifty Midcap, -5.5%; Nifty Smallcap, -6.3%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Downtrend
Nifty opened higher but selling pressure quickly grappled the markets. The index breached the low made on Friday, and is at a new three-year low. Around 90% of Nifty50 stocks ended in the red. Coronavirus cases in India increased to 147, with 10 fresh additions today.
Zee Entertainment Ents. (+23.3%) helped the Nifty Media (+0.4) to be the only index to close positive. Nifty Pvt Bank (-6.9%) and Financial Services (-6.7%) were the major decliners. Advance-Decline ratio was highly skewed toward decliners. Of 2,125 stocks traded, 273 advanced, 1,569 declined, and the remaining traded flat.
Continue reading “Daily Big Picture:A 3-year low; will Nifty survive this?”
Today’s Action
Nifty, -2.5%; Sensex, -2.6%; Nifty Midcap, -2.5%; Nifty Smallcap, -3.0%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Rally Attempt
Nifty opened higher and made an intraday high of 9,403. However, in the second half, the index succumbed to selling pressure, breaching 9,000 level. The volatility index continues to rise further and is at record levels since 2008.
Brent crude fell around $2.89 to $30.9 a barrel, after last week’s plunge of 25%, which was the largest weekly fall since 2008. The US West Texas Intermediate (WTI) was trading below $30 per barrel.
Continue reading “Daily Big Picture:Yes Bank Surges 60%; Here’s market prediction today”
“You are better off staying on the sidelines in cash until a new bull market really starts,” – William J. O’Neil
Investors spend a disproportionate amount of time buying a stock, as compared to selling it. A good game plan for investing is akin to the war strategy used in the ‘Mahabharat,’ known as ‘Chakravyuh.’ The young Abhimanyu knew how to penetrate into the labyrinth formation, but ultimately met his death in the ‘Chakravyuh,’ because he did not have the knowledge of its exit strategy.
It is often said, “Only when the tide goes out, do you discover who’s been swimming naked.”
