Nifty, -7.3%; Sensex, -6.9%; Nifty Midcap, -7.2%; Nifty Smallcap, -7.7%; and Model Portfolio, -6.2%.
Market Pulse Downtrend
Weekly Market Review
Nifty declined 7.3% during the week due to fears of widespread coronavirus. This is the highest weekly decline since the 2008-09 global financial crisis. Currently, it is trading below its major key moving averages, 200-DMA (-3.9%), 100-DMA (-6.2%), and 50-DMA (-7.3%). Nifty Midcap (-7.2%) and Smallcap (-7.7%) indices also showed weakness. India VIX surged around 30% today.
Continue reading “Weekly Big Picture : Nifty records the Highest Loss of the Decade. Here are some stock market tips to help you through it.”
“A standout stock needs both a sound growth record in the recent years and a strong current earnings record in the last several quarters. It’s the powerful combination of these two critical factors, rather than one or the other, that creates a super stock, or at least one that has a higher chance for true success.” – William J. O’Neil, MarketSmith Founder
For an investor, having the right approach toward choosing a stock is the key to making sound investments. Identifying leaders in a market uptrend and timing the purchases at the right entry point or a breakout will be an ideal strategy. Here are the three basic steps that come handy while taking new positions.
Continue reading “Stock Market Tips for a Simple Investment Routine”
Daily Market Review
Market Pulse : Rally Attempt
Nifty opened with a gap down of 70 points. It consolidated a bit before succumbing to selling pressure. It shed around 250 points to end near the day’s low of 11,813. In the process, it breached its key support of the 100-DMA. Currently, it is trading 2.5% and 1% below its 50- DMA and 100-DMA, respectively. It is crucial for Nifty to not breach its 200-DMA (11,682). All Nifty50 stocks ended in the red.
Continue reading “Daily Big Picture : Code Red for All Sectors, Here are some share market tips for such Market Conditions.”
It is difficult to identify the start of a major stock market uptrend if you are relying on headlines and news. By the time, reporters figure out what’s going on in the stock market, the best part is over.
At MarketSmith India, we have a defined set of rules to identify the upturn in the market. It will remove any personal judgment.
Continue reading “What’s A Follow-Through Day?”