Market status: Uptrend Under Pressure
Distribution days: Six
Global stock markets: Dow30, +0.3%; S&P 500, +0.7%; Nasdaq, +1.2%; Nikkei, +0.5%; Hang Seng, -0.7%; Kospi, -0.3%
Nifty, after a flat opening yesterday, witnessed selling pressure and traded toward the day's low of 14,598. ... Views: 282
Market Pulse Confirmed Uptrend Confirmed Uptrend
Distribution Day Count: Two
Nifty opened at record highs and traded in a narrow range for the first 30 minutes. After which, the index saw a selling pressure which dragged index 300 points lower from intraday peak of 13,145. Today’s action ... Views: 376
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
After opening with slightly positive bias, Nifty turned negative briefly in the first 20 minutes of the session. Investors used the dip as a buying opportunity as the index rallied more than 200 points from the day’s low of ... Views: 547
Market Pulse: Confirmed Uptrend
Distribution Day Count: Four
Global stock markets: Dow 30, -0.8%; Nasdaq, -0.7%; S&P 500, +0.9%; Kospi, -1.9%; Nikkei, -2.3%; Shanghai Composite, -0.7%
Yesterday, Nifty opened briefly in the red and came under selling pressure in the first hour of ... Views: 281
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Today, Nifty opened a little weak, but gained more than 50 points from its opening low. However, it failed to hold the gains and made a low around 16,495. The market was a little on the backfoot like Team India’s situation at ... Views: 701
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Tata Group is not only trending in air (for Air India) but also on the ground on D-Street as the current movers and shakers of the market. Tata Motors gained almost 10% and was the top gainer. On the flip side, TCS stock ... Views: 543
Nifty opened with modest losses. It moved sideways in early hours, but selling pressure intensified in the second half, dragging it below 11,800. Nifty closed less than a percent above its 21-DMA. Nifty is trading 2.3% and 10% above its 50- and 200-DMA, respectively. Today’s volume was a little ... Views: 355
Market Pulse: Confirmed Uptrend
Distribution Day Count: Four
Today, Nifty opened briefly in the green but failed to hold gains as the session progressed. After falling more than 50 points in the opening hour, it traded sideways in a narrow range. Volume was lower, so we will not consider ... Views: 346
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, -0.2%; S&P 500, -0.1%; Nasdaq, +0.1%; Kospi, +0.4%; Nikkei, +0.1%; Shanghai Composite, -0.2%
Yesterday, Nifty gapped higher by almost 100 points. However, it came under selling pressure in the ... Views: 312
At 8:15 am IST, SGX Nifty Futures was trading at 15,908, compared with Nifty’s Friday close of 15,860.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.7%; S&P 500, +0.3%; Nasdaq, -0.1%; Kospi, -0.2%; Nikkei, -0.2%; Shanghai Composite, ... Views: 344
MarketSmith India Stories 18 May 2021
Phillips Carbon stock has broken out of a 6-week, 20% deep Cup With Handle Base 2-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only -2% away from the ideal buy price of INR ... Views: 354
Global stock markets: Dow 30, +1.6%; S&P, +1.2%; Nasdaq, +0.4%; Nikkei, +1.4%; Kospi, +1.8%; Hang Seng, +1.9%
After a gap-up opening yesterday, Nifty witnessed selling pressure and traded toward the day's low of 11,557 in the initial hour. However, it found support near its 50-DMA, staged a ... Views: 487
MarketSmith India Stories 19 May 2021
Rain Industries stock has broken out of a 7-week, 22% deep Cup With Handle Base 3-weeks ago. However, the stock is still worth watching as the current price is only 1% away from the ideal buy price of INR 175.
The key trend lines, 10 and ... Views: 329
Key Policy Rates
● The MPC unanimously decided to keep the repo rate unchanged at 4%.
● It continues to maintain its accommodative stance as long as necessary to revive growth.
● Reverse repo rate remains unchanged at 3.35%.
● Marginal standing facility and ... Views: 319
Key Policy Rates
● The MPC unanimously decided to keep the repo rate unchanged at 4%.
● It continues to maintain its accommodative stance as long as necessary to revive growth.
● Reverse repo rate remains unchanged at 3.35%.
● Marginal standing facility and bank rate ... Views: 273
We maintain a positive view of the overall market as indices trend into new highs. Further, leadership remains widespread across multiple sectors. Last week, market status was changed to an Uptrend Under Pressure due to a rise in distribution days and after Nifty breached its 21-DMA. On ... Views: 439
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow30, -0.2%; S&P 500, -0.2%; Nasdaq, -0.4%; Nikkei, -0.7%; Kospi, +0.5%; Hang Seng, +1.1%
Yesterday, Nifty opened at a record high above 13,900 but witnessed profit booking and traded toward the day's low ... Views: 420
Over the last couple of months, we discussed about identifying a correct buy point using common chart pattern/base formation such as cup-with-handle, double bottom, and flat base. Along with the type of base, it is important to understand the stages of base.
Stages begin at one and increase ... Views: 389
MarketSmith India Stories
Relaxo Footwears stock has cleared a 5-week, 14% deep Flat Base this week. Currently, the stock is trading around just 6% away from its ideal buy price of INR 975. The stock is offering investors an opportunity to get on board at the current price.
The ... Views: 347
You did your research and you bought a stock that could become a big winner. Now what?
One of the biggest problems that investors have is determining the proper time to sell their stocks. After all, it is easier to be objective when you are deciding what stock to buy. But when it is time to ... Views: 387
Sequent Scientific stock has cleared a 9-week, 19% [consolidation base] this week. Currently, the stock is trading around just 2% away from its ideal buy price of INR 312. The stock is offering investors an opportunity to get on board at the current price.
The key trend lines, 10 and ... Views: 366
Market status: Confirmed Uptrend Confirmed Uptrend
Distribution Day: Two
Global stock markets: Dow30, -0.5%; S&P500, -0.2%; Nasdaq, +0.5%; Nikkei, -0.3%; Kospi, -0.8%; Hang Seng, -0.5%
Nifty opened relatively flat yesterday morning but gained momentum as the day wore on. It was the ... Views: 348
At 8:15 am IST, SGX Nifty Futures was trading at 15,864, compared with Nifty’s close of 15,747 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +1.8%; S&P 500, +1.4%; Nasdaq, +0.8%; Kospi, +0.7%; Nikkei, +3%; Shanghai Composite, ... Views: 365
At 8:15 am IST, SGX Nifty Futures was trading at 15,864, compared with Nifty’s close of 15,747 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +1.8%; S&P 500, +1.4%; Nasdaq, +0.8%; Kospi, +0.7%; Nikkei, +3%; Shanghai Composite, ... Views: 344
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow30, -0.6%; S&P500, -0.4%; Nasdaq, +0.5%; Nikkei, -0.2%; Kospi, -0.3%; Hang Seng, -0.7%
Yesterday, Nifty, after a gap up opening, slipped toward the day’s low of 13,473 in the first half of the trading ... Views: 388
Global stock markets: Dow 30, -1.9%; S&P, -2.4%; Nasdaq, -3.0%; Nikkei, -0.6%; Hang Seng, -1.5%; KOSPI, -1.8%
Yesterday, Nifty, after a gap-up opening, managed to hold it in the first half of the session. Selling pressure intensified in the second half, with Nifty dropping more than 200 ... Views: 453
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow30, +1.1%; S&P 500, +1.3%; Nasdaq, +1.3%; Nikkei, +0.2%; Kospi, +0.3%; Hang Seng, +0.7%
Nifty made a muted opening yesterday and slipped further in the initial hours of the trading session. However, it ... Views: 392
Market Pulse: Confirmed Uptrend
Distribution Day Count:
Nifty50: Three Nifty Midcap100: Two Nifty Smallcap100: Three
Global stock markets: Dow 30, -0.1%; Nasdaq, +0.8%; S&P 500, +0.3%; Nikkei, +0.6%; Kospi, +0.7%; Shanghai Composite, +0.5%.
Nifty’s gap up story continued in ... Views: 840
At 8:00 am IST, SGX Nifty Futures was trading at 15,689, compared with Nifty’s close of 15,690 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, -0.1%; S&P 500, -0.4%; Nasdaq, -1%; Kospi, -0.5%; Nikkei, -0.5%; Shanghai Composite, ... Views: 261
At 8:00 am IST, SGX Nifty Futures was trading at 15,185, compared with Nifty’s Friday close of 15,175.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.4%; S&P 500, -0.1%; Nasdaq, -0.5%; Kospi, -0.4%; Nikkei, +0.2%; Shanghai Composite, ... Views: 309
Market Pulse: Confirmed Uptrend
Distribution Day Count:
Nifty50: One Nifty Midcap100: Four Nifty Smallcap100: Four
Global stock markets: Dow 30, -0.8%; Nasdaq, -0.9%; S&P 500, -0.8%; Nikkei, -0.2%; Kospi, -0.4%; Shanghai Composite, -0.1%.
Last week, Nifty traded in a narrow range of ... Views: 542
Market Pulse: Confirmed Uptrend
Distribution Day Count: Nifty50: One Nifty Midcap100: Four Nifty Smallcap100: Four
Global stock markets: Dow 30, -0.2%; Nasdaq, -0.6%; S&P 500, -0.1%; Nikkei, -0.5%; Kospi, -0.9%; Shanghai Composite, -0.1%.
Yesterday, Nifty started the session on a flat ... Views: 837
Market status: Confirmed Uptrend
Distribution days: Two
Global stock markets: Dow 30,-1.3%; S&P500,-1.5%; Nasdaq,-1.5%; Nikkei, -0.1%; Hang Seng, -0.1%; Kospi, +0.1%
Yesterday, Nifty opened at a record high above 14,100 but witnessed profit booking and traded toward the day's low of ... Views: 415
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow 30, +0.1%; Nasdaq, +0.2%; S&P 500, +0.4%; Nikkei,+0.6%, Kospi, +0.2%; Shanghai Composite, -0.5%
Yesterday, Nifty rebounded strongly after testing its 50-DMA on Tuesday. The index regained its 21-DMA ... Views: 358
Market status: Confirmed Uptrend
Distribution days: Four
Global stock markets: Dow 30, -0.04%; S&P 500, +0.03%; Nasdaq, +0.6%; Nikkei, -0.4%; Hang Seng, -0.8%; Kospi, +0.5%
Yesterday, markets made a new high in the morning, with Sensex moving above 50,000. However, it staged a downside ... Views: 407
Market Pulse: Confirmed Uptrend
Distribution Day Count: Nifty50 - Three Nifty Midcap100 - Four Nifty Smallcap100 - Five
Global stock markets: Dow 30, +0.3%; Nasdaq, -0.2%; S&P 500, +0.3%; Nikkei, +0.05%, Kospi, -0.7%; Shanghai Composite, -0.08%.
Nifty opened on a flat note yesterday and ... Views: 426
Market Pulse: Confirmed Uptrend
Distribution Day Count:
Nifty50: Two Nifty Midcap100: Two Nifty Smallcap100: Two
Global stock markets: Dow 30, +1.5%; Nasdaq, +1%; S&P 500, +1.2%; Nikkei, +1.9%; Kospi, 0%; Shanghai Composite, +0.1%.
Yesterday, Nifty took cues from global markets and ... Views: 811
At 8:15 am IST, SGX Nifty Futures was trading at 15,762, compared with Nifty’s close of 15,740, yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Two
Global stock markets: Dow30, -0.1%; S&P 500, -0.02%; Nasdaq, +0.3%; Kospi, -0.2%; Nikkei, -0.3%
Yesterday, Nifty ... Views: 332
At 8:00 am IST, SGX Nifty Futures was trading at 15,460, compared with Nifty close of 15,338 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.4%; S&P 500, +0.1%; Nasdaq, -0.01%; Kospi, +0.7%; Nikkei, +2%; Shanghai Composite, ... Views: 280
At 8:00 am IST, SGX Nifty Futures was trading at 15,460, compared with Nifty close of 15,338 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.4%; S&P 500, +0.1%; Nasdaq, -0.01%; Kospi, +0.7%; Nikkei, +2%; Shanghai Composite, ... Views: 283
Market Pulse: Confirmed Uptrend
Distribution Day Count:
Nifty50: Four Nifty Midcap100: Three Nifty Smallcap100: Four
Global stock markets: Dow 30, +0.4%; Nasdaq, -0.05%; S&P 500, +0.4%; Nikkei, -0.3%; Kospi, +0.2%; Shanghai Composite, +0.2%.
Yesterday, Nifty opened in the green but ... Views: 840
At 8:00 am IST, SGX Nifty Futures was trading at 15,264, compared with Nifty close of 15,208 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, -0.2%; S&P 500, -0.2%; Nasdaq, -0.03%; Kospi, -0.2%; Nikkei, +0.1%; Shanghai Composite, ... Views: 303
Market status: Uptrend Under Pressure
Distribution days: Seven
Global stock markets: Dow30, +0.6%; S&P 500, +0.5%; Nasdaq, +0.1%; Nikkei, +1.0%; Hang Seng, +0.8%; Kospi, +0.3%
Yesterday being a monthly expiry Nifty was highly volatile. After a flat opening, the index witnessed heavy ... Views: 364
Market Pulse: Confirmed Uptrend
Distribution Day Count: Four
Global stock markets: Dow 30, +0.4%; Nasdaq, +0.2%; S&P 500, +0.4%; Kospi, +0.7%; Nikkei, +0.8%; Shanghai Composite, +0.2%
Yesterday, Nifty made a gap up opening of about 75 points and traded in a narrow range for the first ... Views: 334
At 8:00 am IST, SGX Nifty Futures was trading at 15,753, compared with Nifty’s Friday close of 15,670.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.5%; S&P 500, +0.9%; Nasdaq, +1.5%; Kospi, -0.2%; Nikkei, +0.2%; Shanghai Composite, ... Views: 312
At 8:00 am IST, SGX Nifty Futures was trading at 15,716, compared with Nifty’s close of 15,576 yesterday.
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow30, +0.1; S&P 500, +0.1%; Nasdaq, +0.1%; Kospi, +0.8%; Nikkei, +0.3%; Shanghai Composite, ... Views: 335
Market Pulse: Confirmed Uptrend
Distribution Day Count:
Nifty50: Four Nifty Midcap100: Three Nifty Smallcap100: Five
Global stock markets: Dow 30, -0.02%; Nasdaq, +0.6%; S&P 500, +0.3%; Nikkei, +0.7%; Kospi, -0.05%; Shanghai Composite, -0.1%.
Selloff on Nifty has been the story of ... Views: 853