Tag: share market tips

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Daily Big Picture:Yes Bank Surges 60%; Here’s market prediction today

Today’s Action

Nifty, -2.5%; Sensex, -2.6%; Nifty Midcap, -2.5%; Nifty Smallcap, -3.0%; Model Portfolio, 0%

Daily Market Review

Market Pulse: Rally Attempt

Nifty opened higher and made an intraday high of 9,403. However, in the second half, the index succumbed to selling pressure, breaching 9,000 level. The volatility index continues to rise further and is at record levels since 2008.

Brent crude fell around $2.89 to $30.9 a barrel, after last week’s plunge of 25%, which was the largest weekly fall since 2008. The US West Texas Intermediate (WTI) was trading below $30 per barrel.

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How to Read the Market Direction?

“You are better off staying on the sidelines in cash until a new bull market really starts,” – William J. O’Neil

Investors spend a disproportionate amount of time buying a stock, as compared to selling it. A good game plan for investing is akin to the war strategy used in the ‘Mahabharat,’ known as ‘Chakravyuh.’ The young Abhimanyu knew how to penetrate into the labyrinth formation, but ultimately met his death in the ‘Chakravyuh,’ because he did not have the knowledge of its exit strategy.

It is often said, “Only when the tide goes out, do you discover who’s been swimming naked.”

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Weekly Big Picture: Sigh of relief as Nifty Closes 4% Higher After Hitting Lower Circuit

Weekly Action

Nifty, -9.4%; Sensex, -9.2%; Nifty Midcap, -10.8%; Nifty Smallcap, -13.2%; and Model Portfolio, -10.6%.

Market Pulse: Downtrend

Weekly Market Review

Before we discuss the historic dramatic move of today’s session, let us first reiterate how the week went.

On Monday, after floundering for most of the day, markets recovered mildly in the last hour to close with still heavy losses on higher volume. Nifty pierced August 2019 lows and made a fresh 52-week low. Brent crude price has declined sharply to less than $35 per barrel with Russia and Saudi Arabia preferring volume over value strategy.

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Daily Big Picture:Today’s share market tips, as NIFTY dips 20%

Daily Market Review

Market Pulse : Downtrend

Nifty gapped lower and remained under heavy selling pressure through the day. After breaching 10,000, Nifty made a low of 9,509 and closed into the bottom quartile. Nifty undercut day one low of an attempted rally and made a new low. The count for an attempted rally resets. We will wait for a blue or pink rally day to consider day one of an attempted rally. The volatility index hits the highest level since 2008.

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