Stocks to buy: Two stock recommendations from MarketSmith India for 20 December
2 weeks, 6 days ago

Stocks to buy: Two stock recommendations from MarketSmith India for 20 December

Live Mint  

Nifty50 extended its losses for the fourth consecutive session and closed at 23,951 on Thursday. Taking cues from the global market, the index started the day with a gap-down opening at 23,877.15 and traded sideways in a narrow range of 24,870.30-24,004.90. According to O'Neil's methodology of market direction, the index has been downgraded to an ‘uptrend under pressure’ as Nifty breached its 100-DMA. However, the index escaped a ‘distribution day’ yesterday as the volume was lower than in previous days, keeping the total distribution day count unchanged at three. A distribution day occurs when the benchmark index or a major sectoral index falls 0.2% or more on higher volume than the previous day.

History of this topic

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