Weekly Big Picture – Bulls Lead The Market Back to Rally

MarketSmith India _ Weekly Big Picture.

MARKET PULSE:

Status: Confirmed Uptrend

Highlights:

Two up days, one down day

Weekly Market Review:

This equity benchmark started the holiday truncated week on Monday with heavy gains, as both the indices made fresh highs. However, after gaining a bullish momentum, the indices started consolidating; therefore, on tuesday the Nifty ended almost flat while the Sensex ended in red.
Today, the Nifty observed some heavy distribution as it gained one distribution day, while the Sensex also posted a loss of almost 25 points.

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Weekly Big Picture – Uncertain Global Cues Weigh on Key Indices; Broader Markets Hold Ground

MarketSmith India _ Weekly Big Picture

MARKET PULSE

Status: Confirmed Uptrend

Highlights:

Two up days, three down days

Weekly Market Review

The Benchmark indices came under the grip of bears to post sharp losses this week. The key U.S. Federal reserve meeting and political uncertainties in Europe added to the woes of the Indian market.

Continue reading “Weekly Big Picture – Uncertain Global Cues Weigh on Key Indices; Broader Markets Hold Ground”