Daily Big Picture – Markets Rejoice the Largely Hassle-Free Implementation of the GST; March Higher

 

MarketSmith India_William Oneil India

Today’s Action:

The  benchmark indices opened on a positive note, and built on gains during the day; finally ending with close to 1% gains.

Daily Market Review

The benchmark indices made impressive gains in today’s trading session, which was expected to remain volatile largely due to concerns over the implementation of the Goods and Services Tax (GST). However, the rollout of the much-awaited tax reform has been largely hassle-free, which was reflected in the buoyant mood seen on the Street today.

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Weekly Big Picture – Key Indices Retreat from Higher Levels, as GST Jitters and Global Weakness Drag the Market

MarketSmith India _ Weekly Big Picture.

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.

Continue reading “Weekly Big Picture – Key Indices Retreat from Higher Levels, as GST Jitters and Global Weakness Drag the Market”