Month: July 2017

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Daily Big Picture – Banking Stocks Boost Benchmark Indices to a Solid Start

MarketSmith India_William Oneil IndiaToday’s Action:

Benchmark indices begin the week with good gains. The Nifty Midcap index manages to record a decent gain, while the Nifty Smallcap index slips into the negative zone at the last hour.

Daily Market Review

The benchmark indices started off the week on a positive note as the Sensex and the Nifty recorded significant gains to scale fresh closing highs. Banking stocks led today’s rally after State Bank of India slashed savings bank interest rate to 3.5%, earlier today. However, the overall market movement was constrained by pharma and FMCG stocks. Continue reading “Daily Big Picture – Banking Stocks Boost Benchmark Indices to a Solid Start”

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Swing Trading

In the weekly learning article published on July 15, 2017, we discussed “A Stock Drops Below your Entry Price; When Should You Get Back In.” We hope that the article was useful. Today, we move on to a new topic, where we are going to discuss “Swing Trading.”

What is swing trading?

Swing Trading is a strategy focused on achieving small profits and cutting losses in short term trends. Compared to long-term investment periods, the gains you make from swing trading might be small, but if done consistently over time they can compound into excellent annual returns. Swing Trading positions are usually held a few days to a couple of weeks or can be held for a longer period. Continue reading “Swing Trading”

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Weekly Big Picture – Benchmark Indices Make Record Highs; Financials Lead the Rally

MarketSmith India _ Weekly Big PictureMARKET PULSE

Status: Confirmed Uptrend

Highlights:

Two up days, three down days

 Weekly Market Review

 The benchmark indices continued their winning streak from last week. Both the Sensex and the Nifty started on a positive note on Monday after rallying more than 0.50% each. On Tuesday, the Nifty crossed the 10K mark intraday, but failed to hold the momentum and ended up in red. The Nifty observed its all-time highs on Wednesday after it closed above the 10K level. The expiry of F&O on Thursday observed some distribution in the Nifty, as a result of which the index traded flat, while the Sensex made an all-time high. Continue reading “Weekly Big Picture – Benchmark Indices Make Record Highs; Financials Lead the Rally”

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Daily Big Picture – Benchmark Indices Extend Rally; Sloppy Second Half Trims Away Gains

dily-big-picture-MarketSmith_IndiaToday’s Action:

Benchmark indices trade flat, while broader indices shed some of the gains.

Daily Market Review

The benchmark indices extended their rally in the early hours of the trading session, however, it lost most of its gains as the day progressed and finally ended in flat. Continue reading “Daily Big Picture – Benchmark Indices Extend Rally; Sloppy Second Half Trims Away Gains”