Share Market Tips: Not Every Stock Market Follow-through Works

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In the stock market, nothing works 100% of the time. That’s why you have to be prepared to deal with failed signals. In CAN SLIM, the market itself – the M in CAN SLIM – is the most important factor for making money. Your chances of grabbing profits in growth stocks increase when the market is acting right.

According to the O’Neil methodology, every major stock market bottom featured a follow-through day. It essentially confirms that a fledgling uptrend in stocks is underway.

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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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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

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“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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