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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: Learn how to invest in stock market during a Downtrend

Daily Market Review

Market Pulse : Downtrend

Nifty succumbed to selling pressure immediately after opening on a flat note. It breached its recent low (11,614) and made a new yearly low of 11,536. The Indian market has been moved to a Downtrend, as it breached its correction low of 11,614. However, in the second half of the session, there was a short-covering rally which helped Nifty to pare some of its losses. Today’s session was volatile due to the expiry of futures & options contracts of the February series.

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Stock Market Tips for a Simple Investment Routine

MarketSmithIndia_StockMarketTips

“A standout stock needs both a sound growth record in the recent years and a strong current earnings record in the last several quarters. It’s the powerful combination of these two critical factors, rather than one or the other, that creates a super stock, or at least one that has a higher chance for true success.” – William J. O’Neil, MarketSmith Founder

For an investor, having the right approach toward choosing a stock is the key to making sound investments. Identifying leaders in a market uptrend and timing the purchases at the right entry point or a breakout will be an ideal strategy. Here are the three basic steps that come handy while taking new positions.

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Weekly Big Picture : DHFL Reports its Q3 Results. Get the best stock market predictions here

Weekly Action

Nifty, -0.3%; Sensex, -0.2%; Nifty Midcap, -0.2%; Nifty Smallcap, +0.04%; and Model Portfolio, +1.7%.

Market Pulse Rally Attempt

Weekly Market Review

After closing below 50-DMA last Friday, Nifty started the week on a weaker note. It was volatile through the week. Today, it tested its 50-DMA (12,148) but couldn’t close above it. Also, the broader market was weak. Nifty Midcap and Smallcap bounced back from their 50-DMA.

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