Today’s Action
Nifty, -0.6%; Sensex, -0.4%; Nifty Midcap, -0.7%; Nifty Smallcap, -1.2%; Model Portfolio, +0.2%
Daily Market Review
Market Pulse :Downtrend
Nifty opened higher tracking global cues. However, in the second half, Nifty declined around 400 points as two more Coronavirus cases got detected in India. India VIX increased 8% to 25.2. Entertainment stocks Pvr (-9.7%) and Inox Leisure (Nse) (-12.3%) were hit badly as fears of virus increased.
Currently, the market is in a Downtrend, as Nifty is trading near its five-month low. All the sectoral indices are trading below their 50-DMA, indicating broad-based weakness. In such a scenario, it is advised to trim positions and stay in cash rather than making huge losses. The importance of taking small losses is emphasized in this article.
Continue reading “Still the No. 1 Stock Market Tip: Always Cut Your Losses Short”
Weekly Action
Nifty, -7.3%; Sensex, -6.9%; Nifty Midcap, -7.2%; Nifty Smallcap, -7.7%; and Model Portfolio, -6.2%.
Market Pulse Downtrend
Weekly Market Review
Nifty declined 7.3% during the week due to fears of widespread coronavirus. This is the highest weekly decline since the 2008-09 global financial crisis. Currently, it is trading below its major key moving averages, 200-DMA (-3.9%), 100-DMA (-6.2%), and 50-DMA (-7.3%). Nifty Midcap (-7.2%) and Smallcap (-7.7%) indices also showed weakness. India VIX surged around 30% today.
