Daily Big Picture: Nifty dives to a 52-week low. Use our technical analysis tool to decide on the stocks to invest.

Daily Market Review

Market Pulse: Downtrend

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. European markets opened with a 6–8% loss on benchmark indices. U.S. stock futures are also trading with a ~5% loss. U.S. 10-year treasury yield continued to slide lower, dropping to a new low of 0.34%. India’s 10-year government bond yield breached a 6% mark.

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Share Market Basics: Investing Mistakes to Avoid in a Down Market

You found a company with an amazing product. Strong demand was fuelling big earnings and sales growth. Mutual fund sponsorship was top-notch, and the stock was in a bullish technical pattern. But the stock went lower soon after you bought it because you were wrong about the direction of the general market.

Mistakes are plentiful during a market downtrend. Avoid these common ones, and you will be able to keep your hard-earned cash intact.

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Daily Big Picture: A small feat by Nifty as it manages to close in Upper Half of today’s Range. Here are some Stock Tips for the day.

Today’s Action

Nifty, -0.5%; Sensex, -0.5%; Nifty Midcap, -1.5%; Nifty Smallcap, -2%; Model Portfolio, -2.2%

Daily Market Review

Market Pulse : Downtrend

After opening higher, Nifty failed to hold gains and rolled over to losses of more than 1.5%. It also breached low of day one of an attempted rally. However, Nifty staged an upside reversal in the last hour and closed only 45bps lower. As the day one low was breached intraday, the count for an attempted rally resets.

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Daily Big Picture:Two More CoronaVirus cases confirmed in India.Find out the stock market predictions for the day.

Today’s Action

Nifty, -0.6%; Sensex, -0.4%; Nifty Midcap, -0.7%; Nifty Smallcap, -1.2%; Model Portfolio, +0.2%

Daily Market Review

Market Pulse :Downtrend

Nifty opened higher tracking global cues. However, in the second half, Nifty declined around 400 points as two more Coronavirus cases got detected in India. India VIX increased 8% to 25.2. Entertainment stocks Pvr (-9.7%) and Inox Leisure (Nse) (-12.3%) were hit badly as fears of virus increased.

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Still the No. 1 Stock Market Tip: Always Cut Your Losses Short

Currently, the market is in a Downtrend, as Nifty is trading near its five-month low. All the sectoral indices are trading below their 50-DMA, indicating broad-based weakness. In such a scenario, it is advised to trim positions and stay in cash rather than making huge losses. The importance of taking small losses is emphasized in this article.

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