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:NIFTY rebounds sharply; Read our market prediction today to stay ahead

Daily Market Review

Market Pulse: Downtrend

Markets ripped higher in the final hour to close near the high of day’s range. After closing in negative territory for seven consecutive sessions, Nifty rallied strongly. However, volatility continued to remain high. Today is the first day of our rally attempt as Nifty closed higher. Hereon, we will look for today’s low (11,153) to hold for another two days before changing the market status to a Rally Attempt. If that happens, we will be looking for a follow-through day.

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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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