Daily Big Picture – Key Composites Break Free from Losing Streak

MarketSmithIndia-WilliamOneilIndia

Today’s action:

The major stock indices posted significant gains after declining in the last three sessions. The Nifty Midcap index and Smallcap indices score all-time highs.

Current Outlook:

●      Market environment conducive for new purchases, but remain selective

●      Focus on fundamentally strong stocks breaking out of sound base patterns

●      Stay disciplined and exercise sound buy and sell rules 

Continue reading “Daily Big Picture – Key Composites Break Free from Losing Streak”

Daily Big Picture – Lack of Positive Cues Drag Key Indices Down

Today’s action:

The major stock indices declined further today, widening the gap from their all-time highs. The Nifty Midcap index and Smallcap indices recover sharply.

Current Outlook:

●      Market environment conducive for new purchases, but remain selective.

●      Focus on fundamentally strong stocks breaking out of sound base patterns.

●      Stay disciplined and exercise sound buy and sell rules.

Continue reading “Daily Big Picture – Lack of Positive Cues Drag Key Indices Down”