Category: Daily Market Commentary

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Daily Big Picture:Nifty Closed Flat After Roller-Coaster Ride. Learn how to invest in stock market in a Downtrend Market.

Daily Market Review

Market Pulse: Downtrend

Nifty attempted a brief relief rally but failed to hold gains. After opening higher, markets were volatile through the day, and closed flat. As Nifty closed briefly in the green and in the upper half of the day’s range, today’s action will be considered as a day one of an attempted rally. Hereon, we will look for today’s low (10,338) to hold for another two days before changing the market status to a Rally Attempt. If that happens, we will be looking for a follow-through day.

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Daily Big Picture: Nifty dives to a 52-week low. Use our technical analysis tool to decide on the stocks to invest.

Daily Market Review

Market Pulse: Downtrend

After floundering for most of the day, markets recovered mildly in the last hour to close with still heavy losses on higher volume. Nifty pierced August 2019 lows and made a fresh 52-week low. Brent crude price has declined sharply to less than $35 per barrel with Russia and Saudi Arabia preferring volume over value strategy. European markets opened with a 6–8% loss on benchmark indices. U.S. stock futures are also trading with a ~5% loss. U.S. 10-year treasury yield continued to slide lower, dropping to a new low of 0.34%. India’s 10-year government bond yield breached a 6% mark.

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Daily Big Picture: A small feat by Nifty as it manages to close in Upper Half of today’s Range. Here are some Stock Tips for the day.

Today’s Action

Nifty, -0.5%; Sensex, -0.5%; Nifty Midcap, -1.5%; Nifty Smallcap, -2%; Model Portfolio, -2.2%

Daily Market Review

Market Pulse : Downtrend

After opening higher, Nifty failed to hold gains and rolled over to losses of more than 1.5%. It also breached low of day one of an attempted rally. However, Nifty staged an upside reversal in the last hour and closed only 45bps lower. As the day one low was breached intraday, the count for an attempted rally resets.

Continue reading “Daily Big Picture: A small feat by Nifty as it manages to close in Upper Half of today’s Range. Here are some Stock Tips for the day.”

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Daily Big Picture:NIFTY rebounds sharply; Read our market prediction today to stay ahead

Daily Market Review

Market Pulse: Downtrend

Markets ripped higher in the final hour to close near the high of day’s range. After closing in negative territory for seven consecutive sessions, Nifty rallied strongly. However, volatility continued to remain high. Today is the first day of our rally attempt as Nifty closed higher. Hereon, we will look for today’s low (11,153) to hold for another two days before changing the market status to a Rally Attempt. If that happens, we will be looking for a follow-through day.

Continue reading “Daily Big Picture:NIFTY rebounds sharply; Read our market prediction today to stay ahead”

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Daily Big Picture:Two More CoronaVirus cases confirmed in India.Find out the stock market predictions for the day.

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.

Continue reading “Daily Big Picture:Two More CoronaVirus cases confirmed in India.Find out the stock market predictions for the day.”