For every successful transaction you perform in the equity market, there are 2 steps; the first is to invest in a good stock and the second being to sell the equity in the market at the right time. A lot of amateur investors do this mistake of not paying attention to the second part. It is ... Views: 512
With the growing technological advances, there have been various FinTech startups looking to use AI-driven algorithmic trading to help predict the stock market more accurately, William O’Neil India also boasts of having a service dedicated to helping users use algorithmic trading to make great ... Views: 504
Market Pulse:
Global stock markets: Dow 30, +0.7%; Nasdaq, +1.2%; S&P 500, +0.9%; Nikkei, +0.2%; Kospi, +0.1%; Shanghai Composite, +0.3%.
Nifty advanced on all five occasions and made a new all-time high twice during the last week. Friday, after a flat opening, Nifty was down around ... Views: 503
Market Pulse: Confirmed Uptrend
Distribution Day Count: Nifty50 - Four Nifty Midcap100 - Four Nifty Smallcap100 - Six
Global stock markets: Dow 30, +0.7%; Nasdaq, +1.2%; S&P 500, +0.8%; Nikkei, +1.7%; Kospi, +1.5%; Shanghai Composite, +1.2%.
Last week, Nifty had hit new highs for ... Views: 498
Market Pulse: Confirmed Uptrend
Distribution Day Count: Nifty50: One Nifty Midcap100: Four Nifty Smallcap100: Five
Global stock markets: Dow 30, +0.4%; Nasdaq, +0.1%; S&P 500, +0.3%; Nikkei, +0.6%; Kospi, +0.6%; Shanghai Composite, +0.1%.
Nifty, after a flat opening yesterday, made a ... Views: 497
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow 30, -0.9%; Nasdaq, +0.1%; S&P 500, -0.5%; Nikkei, +0.4%, Kospi, +0.01%; Shanghai Composite, +0.1%
Yesterday, Nifty had a gap up opening with a gain of 65 points. The momentum continued during the ... Views: 495
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow 30, -0.03%; S&P 500, +0.2%; Nasdaq, +0.4%; Nikkei, +1.5%; Hang Seng, +0.3%; Kospi, +0.1%
Yesterday, Nifty gapped-up at a record high of 14,639 and made a new ATH of 14,653 intraday. However, it quickly ... Views: 489
The COVID-19 pandemic has brought about a lot of uncertainty in the stock market. Stock market predictions have become harder and the market is in a downtrend. Investing in a bear market is a challenge in itself. With the added pressure from the pandemic, many stocks are taking steep dives. In ... Views: 488
Market Pulse: Confirmed Uptrend
Distribution Day Count: Nifty50 - Three Nifty Midcap100 - Four Nifty Smallcap100 - Five
Global stock markets: Dow 30, -0.2%; Nasdaq, +0.1%; S&P 500, +0.1%; Nikkei, -0.8%; Kospi, -0.7%; Shanghai Composite, -1.0%.
Nifty opened at a new all-time high on ... Views: 486
Global stock markets: Dow 30, -0.1%; S&P, +0.8%; Nasdaq, +2%; Nikkei, +0.5%; Kospi, -0.2%; Hang Seng, -0.1%
Yesterday, Nifty, after a gap-up opening, witnessed profit booking and traded toward the day's low of 12,571 in the first half of the trading session. However, in the second half, it ... Views: 485
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: 483
Market Pulse: Confirmed Uptrend
Distribution Day Count:
Nifty50: Two Nifty Midcap100: Three Nifty Smallcap100: Two
Global stock markets: Dow 30, +0.1%; Nasdaq, 0%; S&P 500, +0.2%; Nikkei, +0.3%; Kospi, +0.5%; Shanghai Composite, -0.4%.
On Friday, Nifty gapped up near 17,900 and made ... Views: 479
Indian benchmark indices may open on a flat note today. At 8:15 am IST, SGX Nifty Futures was trading at 16,660, compared with Nifty’s close of 16,634 yesterday, indicating a flat to positive opening for the bourses.
Nifty Futures – LTP 16,596
After a gap down open on last Friday, Nifty ... Views: 478
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow 30, +0.04%; Nasdaq, +0.04%; S&P 500, +0.2%; Nikkei, -1.9%, Kospi, -1.2%; Shanghai Composite, +0.07%
Last week, Nifty traded in the range of 16,150–16,350 for the first three trading sessions. Despite ... Views: 478
Market Pulse: Confirmed Uptrend
Distribution Day Count: Nifty50 - Three Nifty Midcap100 - Four Nifty Smallcap100 - Five
Global stock markets: Dow 30, -0.8%; Nasdaq, -0.9%; S&P 500, -0.7%; Nikkei, +0.7%; Kospi, +0.7%; Shanghai Composite, +0.4%.
Nifty opened on a weaker note yesterday but ... Views: 475
For every successful transaction you perform in the equity market, there are 2 steps; the first is to invest in a good stock and the second being to sell the equity in the market at the right time. A lot of amateur investors do this mistake of not paying attention to the second part. It is ... Views: 473
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Nifty had a gap up opening with a gain of 65 points. The momentum continued during the session as the index made a fresh all-time high of 16,290. Also, one distribution day expired today, decreasing the count to three, which is ... Views: 471
Any investing strategy must answer two crucial questions:
What to invest in?
When to invest (and exit)?
The first question pertains to the “Stock Selection” aspect of the strategy, which comprises rules and techniques for “Stock Screening.” The CANSLIM investing system offers such stock ... Views: 469
Global stock markets: Dow 30, -0.4%; S&P, -0.2%; Nasdaq, -0.1%; Nikkei, -0.8%; Hang Seng, -0.6%
Yesterday, Nifty opened with strong gains and continued to move higher, thereby crossing 12,000 mark. In the second half, Nifty staged a downside reversal and dropped more than 200 points off ... Views: 469
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: 467
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Global stock markets: Dow 30, +0.5%; Nasdaq, -0.5%; S&P 500, +0.1%; Nikkei, +0.6%, Kospi, -0.3%; Shanghai Composite, +0.1%
Nifty opened on a positive note yesterday and extended gains in the first half, making a new all-time ... Views: 467
Global stock markets: Dow 30, -0.1%; S&P, -0.2%; Nasdaq, -0.7%; Nikkei, +0.1%; Hang Seng, +0.8%
Yesterday, Nifty quickly witnessed selling pressure after opening above 12,000. Massive profit booking was seen across the sectors. Nifty lost almost 300 points following a record 10 days of gains. ... Views: 467
The ‘N’ in the CAN SLIM canslimStory strategy stands for either a ‘New Product,’ ‘New Management,’ ‘New High,’ or any other new factor, which could positively change the operating environment for the stock and ultimately drives its price into newer realms.
Contrary to conventional wisdom, ... Views: 465
Nifty advanced higher in all five trading sessions and gained about 500 points during the week. Today, markets reacted positively to the outcome of RBI’s MPC meeting, especially financial related stocks. In Nifty50, four out of the top five gainers were banking stocks, led by Icici Bank (+3.6%) ... Views: 465
Global stock markets: Dow 30, -1.3%; S&P, -1.4%; Nasdaq, -1.9%; Nikkei, -0.2%; Kospi, +0.3%; Hang Seng, +0.6%
Yesterday, Nifty gapped up for the third consecutive session. It traded in a narrow range of just 50 points until the last hour of sharp rally. Around 70% of Nifty50 stocks closed in ... Views: 463
Global stock markets: Dow 30, +1.5%; S&P, +1.6%; Nasdaq, +1.9%; Nikkei, -0.2%; Hang Seng, -0.3%; KOSPI, +0.9%
Yesterday, Nifty gapped higher and kept the bullish momentum intact throughout the day. The index formed higher highs in the hourly chart and closed the upward trending session ... Views: 462
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: 458
"Don’t argue with the market. Never try to prove you’re right and the market is wrong." - William J. O’Neil, MarketSmith India Founder
In the last week’s learning article, we discussed how a rules-based investing system helps an investor to stay clear of biases. Biases can be of two types: ... Views: 457
Anybody who said that women can’t trade, seriously got it all wrong! As investing requires patience and discipline, 2 qualities that are inherent to an individual. And as the saying goes, where there is a will, there is a way! Brokerages have reported a sharp rise in women traders over the past ... Views: 455
Global stock markets: Dow 30, +1.9%; S&P, +1.7%; Nasdaq, +1.9%; Nikkei, +0.9%; Kospi, +0.1%; Hang Seng, -0.8%
Yesterday, Nifty opened on a slightly positive note and continued to trade higher during the day. Though the benchmark indices closed with notable gains, the midcap and smallcap ... Views: 453
Over the years, many forms of research and analysis have helped develop different investment strategies. However, many retail investors use intuition and baseless practices, while investing. This can be prove to be harmful. We at William O’Neil India, make use of fundamental analysis and ... Views: 451
MarketSmith India Stories
Godrej Industries stock has broken out of a 5-week, 11% deep Flat Base 2-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 0% away from the ideal buy price of INR 555.
In the last twelve ... Views: 450
Let’s start with a little math.
You’ve invested 100 dollars in a stock. The price drops by 10%. You’re now at 90 dollars. To get back to the original price, you need an 11% increase. Let’s consider another situation, the price drop by 50%. The price of the stock is now 50 dollars, and now you ... Views: 450
Today’s Action
Nifty, -5.6%; Sensex, -5.6%; Nifty Midcap, -5.5%; Nifty Smallcap, -6.3%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Downtrend
Nifty opened higher but selling pressure quickly grappled the markets. The index breached the low made on Friday, and is at a new ... Views: 447
By Marketsmith India
In the stock market, nothing works 100% of the time. That's why you have to be prepared to deal with failed signals. In CAN SLIM, the market itself – the M in CAN SLIM – is the most important factor for making money. Your chances of grabbing profits in growth stocks ... Views: 445
Latest Market Update: Stock market closed today
For investors wondering about the domestic stock market's functionality on the day of Holi, the equity market will be closed on Monday, 29th March, on account of the festival.
The domestic stock market will witness an extended weekend, and both ... Views: 445
Any investing strategy must answer two crucial questions:
What to invest in?
When to invest (and exit)?
The first question pertains to the “Stock Selection” aspect of the strategy, which comprises rules and techniques for “Stock Screening”. The CANSLIM investing system offers such stock ... Views: 443
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: 441
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: 440
Today’s Action
Nifty, +3.8%; Sensex, +3.6%; Nifty Midcap, +2.3%; Nifty Smallcap, +3.1%; Model Portfolio, 0%
Daily Market Review
Market Pulse: Confirmed Uptrend
Nifty ended the day with strong gains, up about 3.5%, on higher volume than yesterday’s session. As the volume was higher ... Views: 440
Global stock markets: Nikkei, +0.6%; Hang Seng, +0.3%; KOSPI, +0.7%
Yesterday, Nifty opened with moderate gains but dropped more than 100 points in the first hour itself. It traded in a narrow range during the day. However, good buying in the last hour helped Nifty close 20bps higher. Volume ... Views: 439
Brent Crude’s slide into the negative territory triggered a whirlpool of speculation, causing chaos amongst stock market players. As the economics of crude oil became the talk of the town, investors were unwilling to accept the physical delivery at the time of settlement which forced them to ... Views: 439
Global stock markets: Dow 30, -0.5%; S&P, -0.5%; Nasdaq, -0.3%; Nikkei, -0.1%; Hang Seng, +2.1%;
Yesterday, Nifty, after a gap-up opening, found resistance near its 50-DMA. The index traded toward the day's low of 11,181 and closed the volatile trading session near the lower half of the ... Views: 438
Global stock markets: Dow 30, +2.1%; S&P, +1.8%; Nasdaq, +1.9%; Nikkei, +1.6%; Kospi, +0.5%; Hang Seng, -0.2%
Yesterday, Nifty gapped up 65 points, taking cues from the global markets. After that, it traded in a narrow range and closed near the day’s high, holding solid gains. Volume was ... Views: 436
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 ... Views: 434
Market Pulse: Confirmed Uptrend
Distribution Day Count: Three
Nifty after a flat opening witnessed strong buying interest from investors throughout the day. It formed higher highs and higher lows in the hourly chart and closed 0.5% higher. In the process, the index hit a fresh high. Volume ... Views: 432
Market status: Confirmed Uptrend
Distribution days: Three
Global stock markets: Dow 30, -0.6%; S&P 500, -0.7%; Nasdaq, -0.9%; Nikkei, +1.4%; Hang Seng, +2.2%; Kospi, +2.3%
Yesterday, markets were under pressure in the morning session, with the Nifty down more than 1.0% and Midcap index ... Views: 432
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: 432
MarketSmith India Stories
Ghcl stock has broken out of a 9-week, 17% deep Cup Without Handle Base 2-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 0% away from the ideal buy price of INR 258.
The stock closed ... Views: 431