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: Cipla Receives USFDA Warning for Goa Manufacturing Facility. Learn about the market prediction today.

Daily Market Review

Market Pulse : Rally Attempt

Taking cues from global markets, Nifty opened with a gap down of about 60 points. As the day progressed, it attempted a modest recovery before succumbing to selling pressure in the last hour of today’s session where it shed about 0.70% and ended a volatile day holding significant losses. In the process, the index breached its crucial 200-DMA (11,684). Volume was on the higher side, compared with the previous trading session. Continue reading “Daily Big Picture: Cipla Receives USFDA Warning for Goa Manufacturing Facility. Learn about the market prediction today.”

Daily Big Picture: As Speciality Chemical Stocks surge, find out the top stocks with CANSLIM

Daily Market Review

Market Pulse :Rally Attempt

Nifty opened with a gap down of about 50 points as the spread of coronavirus outside China fuelled concerns of a global pandemic. The index traded in a narrow range and remained under selling pressure. It closed below 11,800, holding moderate losses. Currently, Nifty is trading 2.7% and 1.2% below its 50- DMA and 100-DMA, respectively. It is crucial for Nifty to not breach its 200-DMA (11,684).

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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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Daily Big Picture : Code Red for All Sectors, Here are some share market tips for such Market Conditions.

Daily Market Review

Market Pulse : Rally Attempt

Nifty opened with a gap down of 70 points. It consolidated a bit before succumbing to selling pressure. It shed around 250 points to end near the day’s low of 11,813. In the process, it breached its key support of the 100-DMA. Currently, it is trading 2.5% and 1% below its 50- DMA and 100-DMA, respectively. It is crucial for Nifty to not breach its 200-DMA (11,682). All Nifty50 stocks ended in the red.

Continue reading “Daily Big Picture : Code Red for All Sectors, Here are some share market tips for such Market Conditions.”