Weekly Big Picture – Bulls Raindance after IMT Forecast; Major Indices Reclaim All-time Highs

MarketSmith India _ Weekly Big Picture

MARKET PULSE

Status: Confirmed Uptrend

Highlights:

Four up days, one down day

Weekly Market Review

The benchmark indices recovered sharply after last week’s decline, aided by a good rain forecast and positive global cues. They recorded four consecutive positive sessions, summing up a significant weekly gain. The Sensex and the Nifty scaled fresh all-time highs during this positive run.

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Weekly Big Picture – Key Composites End a Choppy Week with Minor Losses

MARKET PULSE

Status: Confirmed Uptrend

Current Outlook:

  • Market environment conducive for new purchases, but remain selective.
  • Focus on fundamentally strong stocks breaking out of strong technical patterns.
  • Stay disciplined and exercise sound buy and sell rules.

Highlights:

Two up days, two down days

Continue reading “Weekly Big Picture – Key Composites End a Choppy Week with Minor Losses”