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MarketSmith India posted an announcementMarketSmith India Webinar covers the following:• Current Market Environment• Why Market Bottoms Matter to Your Bottom Line• How to Use Follow-Through Day to Spot New Uptrend• How to Make Money when New Uptrend Begins Register Now: https: ...Post is under moderationStream item published successfully. Item will now be visible on your stream. -
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MarketSmith India uploaded a photo in the album MarketSmith India Academy - Online CANSLIM Seminar
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MarketSmith India created a new eventStock Market News today
Pharma and Realty Stocks Lead Rally; Yes Bank Gains 11%
Today’s Action
Nifty, +0.6%; Sensex, +0.6%; Model Portfolio, +0.7%; Nifty Midcap, +0.7%; Smallcap, +0.02%
Daily Market Review
Market Status: Uptrend Under Pressure
Benchmark indices closed... Stock Market News today
Pharma and Realty Stocks Lead Rally; Yes Bank Gains 11%
Today’s Action
Nifty, +0.6%; Sensex, +0.6%; Model Portfolio, +0.7%; Nifty Midcap, +0.7%; Smallcap, +0.02%
Daily Market Review
Market Status: Uptrend Under Pressure
Benchmark indices closed positive for the second session in a row. Nifty hit an intraday high of 11,670.05 in the last hour from the day’s low of 11,573.95. The broader market also performed well with Nifty Midcap and Smallcap closing 0.7% and 0.2% higher, respectively.
On the sectoral front, barring Nifty IT (-0.6%) and Media (-0.3%), all other sectors closed in the green. Nifty Realty (+1.9%) emerged as the top gainer followed by Nifty Pharma (+1.5%) and PSU Bank (+1.4%). The advance-decline ratio leaned toward decliners. Of the total 2,094 stocks traded on the NSE, 853 advanced, 912 declined, and the rest ended flat.
On July 8, we changed the market status to an Uptrend Under Pressure from a Confirmed Uptrend, driven by factors such as the Nifty breaching its 50-DMA, accumulation of distribution days, and stalling days. The distribution day count now stands at three on the Nifty. From here, if 2-3 more distribution days are added, we will change the status to a Downtrend. The status will be back to a Confirmed Uptrend if Nifty retakes 12,104 (its high during the recent rally).
More Information, Please visit website : MarketSmith India
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