“You can’t go by opinions or how you feel. You need to have and follow sound, proven rules” – William J. O’Neil, MarketSmith Founder
Daily Big Picture – Key indices Pare Early Gains to End Flat
Today’s Action:
The major indices maintain a positive stance despite a flat ending. The Nifty Midcap index follows key composites, while the Smallcap index posts significant loss.
Daily Market Review
In today’s session, the benchmark indices recorded new all-time highs for the second day in a row. The Sensex and the Nifty started off at fresh highs as the bulls took control of the markets in early trading hours. However, towards the end of trading, key composites gave up a major part of the intraday gains, likely due to profit booking.
Continue reading “Daily Big Picture – Key indices Pare Early Gains to End Flat”
Daily Big Picture – Key Indices Scale Fresh All-time Highs; Good Monsoon Forecast Revives Uptrend
Today’s Action:
The major indices surge to reclaim all-time highs. Uptrend continues in Midcap and Smallcap indices.
Daily Market Review
The benchmark indices posted solid gains in today’s session to mark fresh all-time highs. Maintaining their positive momentum for a third straight session, the key composites built up their early gains boosted by the Indian Meteorological Department’s (IMD) prediction of a good monsoon season in 2017.
Daily Big Picture – Markets Stage a Solid Comeback; Nifty Marks Closing All-time High
Today’s Action:
The major indices post significant gains after four days of consolidation. The NiftyMidcap and Smallcap indices continue to grow higher.
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.
Daily Big Picture – Benchmark Indices Consolidate with F&O Expiry in View
Today’s Action:
The major indices ended marginally lower after yesterday’s record finish. The NiftyMidcap index ended in a negative zone, while the Smallcap index posted a decent increment.
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 “Daily Big Picture – Benchmark Indices Consolidate with F&O Expiry in View”