Market Pulse: Confirmed Uptrend
Distribution Days: 9
On April 17, Nifty confirmed a follow-through day, advancing approximately 1.77% on higher volume compared to the previous session, signaling renewed strength in the market. Similarly, Sensex is up around 1.96% on volume higher than the April 16th session. As a result, market status has been upgraded to Confirmed Uptrend.
In the current environment, stocks breaking out of early-stage bases, exhibiting higher relative strength, and backed by strong fundamentals are well-positioned for potential outperformance. Rather than speculating on market movements, we will closely track price action and adapt to evolving conditions.
However, should the distribution day count increase or Nifty breach key support levels, we may downgrade the market status to "Uptrend Under Pressure" to reflect heightened risk.
Buy Watchlist
Maharashtra Scooters, Ptc Industries, Gabriel India, Bajaj Finserv, Manorama Industries, Bharat Electronics and view more.

Key News & Earnings Updates
Tata Motors May Sales Drop 8.6% YoY to 70,187 Units; Domestic Sales Down 10% to 67,429 Units.
T V S Motor May Sales Rise 17% YoY to 4.31 Lakh Units; Two-Wheeler Sales Up 16% to 4.16 Lakh.
Coal India (Nse) Files DRHP with Sebi for BCCL IPO; OFS to Include Up to 46.57 Crore Shares.
Vodafone Idea Narrows Q4 Loss to ₹7,166 Crore; Board Approves Fundraising Plan of Up to ₹20,000 Crore.
Fettle Tone and Krishnan Ramachandran to Sell 7.2% Stake in Niva Bupa Health Insurance Company Ltd via ₹1,082 Crore Block Deal
Earnings Due Today: Manoj Jewellers Ltd, N2n Technologies, Panorama Studios International, Retro Green Revolution, and Vasudhagama Enterprises
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.