SelfGrowth.comThe Self Improvement Guide
Article

U.S. Markets Continue to Close Higher; Asian Paints, Aavas Financier, and SBI Cards to Report Earnings Today

Topic: Stock TradingPublished January 21, 2021
No ratings yet484 viewsSign in to rate
Market status: Confirmed Uptrend Distribution days: Three Global stock markets: Dow 30, +0.8%; S&P 500, +1.4%; Nasdaq, +2%; Nikkei, +0.8%; Hang Seng, +0.1%; Kospi, +0.7% Yesterday, Nifty opened in the green and extended its gains as the day wore on, hitting a new all-time high. However, last hour selling pushed Nifty about 50 points off highs. Overall, volume was higher compared with the previous session. On the sectoral front, Nifty Auto, IT, and PSU Bank closed ~2% higher. Nifty Financial Services, Pharma, Realty, and FMCG closed almost flat. With leadership broadening and indices above relevant intermediate-term moving averages, we will continue to look for leadership-quality growth names to form entry points. If a pullback/consolidation happens, it will be crucial for Nifty to hold its 21-DMA. It is advised to closely review the existing positions and book profits in stocks that are extended from their moving averages and showing technical weakness. Also, tracking distribution days is crucial as rising in distribution days can halt the uptrend. Key News Asian Paints, Aavas Financiers , and Sbi Cards And Payment Services will report their Q3 earnings today. Havell's India posted Q3 FY21 earnings. PAT was up 74.5% y/y to Rs 350.1 crore, while revenue rose 39.7% y/y to Rs 3,175.2 crore. The results beat consensus. Bajaj Finance posted Q3 FY21 earnings. Consolidated PAT was down 29% y/y to Rs 1,146 crore, while revenue fell 5.3% y/y to Rs 4,296 crore. O’Neil Market Condition Report For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 84%; Rally Attempt, 4%; Uptrend Under Pressure, 12%; Downtrend, 0%. For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 66%; Rally Attempt, 0%; Uptrend Under Pressure, 34%; Downtrend, 0%. Visit MarketSmith India to Read More About Indian Share Market News, Daily Market Tips, Model Portfolio etc.

Further reading

Further Reading

4 total

Article

Investing Reimagined: Stocks Beyond the Trading Floor

The wild world of stocks has more tricks up its sleeve than a magician at a Vegas show. Did you know that some people are using stocks to fund their kids' college education, secure loans, and even change the world? Yeah, you heard that right! While most of us think of stocks as just a way to make a quick buck, there's a whole lot more to these little slices of company ownership than meets the eye. For instance, a stock secured loan can provide the financial leverage needed

July 25, 2024

Article

Simple Tricks and Ideas for Successful Stock Market Investing

Investing in the stock market can be a rewarding journey toward financial growth and wealth accumulation. While it may seem intimidating, successful stock market investing is not reserved for financial experts alone. In fact, with the right strategies and a basic understanding of key concepts, even beginners can join the game. In this article, we will explore eight simple yet effective strategies that can help beginners make informed investment decisions and thrive in the sto

February 8, 2024

Article

Bonds Investing: Building a Secure Path to Financial Stability

Introduction:rnBonds, often referred to as fixed-income securities, have played a pivotal role in the investment landscape for generations. They represent a unique investment opportunity that differs significantly from traditional stocks. In this article, we will delve into the world of bonds, what they are, why they are a valuable component of an investment portfolio, and how they distinguish themselves from regular stocks. As bonds continue to offer a secure path to financi

November 1, 2023

Article

5 things you need to know about the stock market holidays

Introduction: In the ever-changing world of stocks, it's important to keep up. That's why we've put together a guide to help you understand what to know about the stock market Trading Holidays . Here are 5 things you need to know about the stock market holidays: The stock market is a time-sensitive environment. Stock market holidays are typically holidays that coincide with major events in the business world. These days include Black Friday, Christmas, New Year's Eve, and Eas

April 19, 2023