Weekly Market Research by Fintoo – 31st July 2021
Market end volatile week lower; Outlook remains cautious Nifty for the week remained highly volatile and rebounded after moving below short term moving average of 50 DMA and finally closed with losses of less than 0.59% to 15,763 levels. The FIIs have turned aggressive sellers for the month of July by selling more Rs 25,000 crore in the cash market which remains a major cause of worry for...
Advance Tax Provisions – FFC episode 33
Advance tax is the amount of income tax that is paid much in advance rather than a lump-sum payment at the year-end. Also known as earn tax, advance tax is to be paid in installments as per the due dates decided by the income tax department.To subscribe click her To get detailed information on Advance Tax Provisions we recommend you to watch our video. File income Tax Also...
Pre Market Analysis – 30th Jul 2021
Nifty managed to post gains of less than 0.5% to close above 15760 on Thursday after the Metal sector rose by more than 4% while Bank Nifty under performed. The Nifty has been hovering in a narrow band in the past few days and selling pressure is likely to resume on a move below 15760 in the opening hours. Meanwhile, GBPINR has activated major breakout above 103.5 which may have negative...
Pre Market Analysis – 29th Jul 2021
Markets witnessed late recovery on Wednesday despite FII selling more than Rs 2000 crore in the cash market while the recovery was mainly led by Non-Financial segment to help Nifty close above 15700. If we see price action in Nifty since last 45 days, Nifty has not been able to close below 15620, which has acted as a lower range of trading band of 15620-15900. However, the short-term...
Rolex Rings Ltd.: (SUBSCRIBE FOR LONG-TERM)
Issue Size- 81.22-81.36 lakh sharesIssue Open/Close – Jul 28/Jul 30, 2021Price Band (Rs) 880-900Issue Size- 7.16-7.31 bnFace Value (Rs) 10Lot Size (shares) 16 Rolex Rings Limited is one of the top five forging companies in India and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two...
Pre Market Analysis – 28th Jul 2021
Markets decline on Tuesday was mainly led by Non-financial sector with Pharma taking a lead role in decline while Bank Nifty restricted its losses to less than 0.5%. The Nifty managed to break its key support of 15760, thus breaking support line of rising wedge and markets are positioned to hit 15100 in the next few days. The down fall trigger for Nifty may come from breakdown in Nifty...
Pre Market Analysis – 27th Jul 2021
Markets activity remain listless on Monday with Nifty oscillating in a narrow band of 15797-15893 and ended with small spinning top pattern on candlestick. The market is eyeing key event of Fed meet scheduled this Wednesday and Fed comments on tapering of massive stimulus. For the month, FII have sold more than Rs 14000 cr in spot exchanges and hence entire market is surviving on liquidity of...
Glenmark Life Sciences Ltd.: (Subscribe)
Issue Size- 2.1 bn sharesIssue Open/Close – Jul 27/Jul 29, 2021Price Band (Rs) 695-720Issue Size- 14.61-15.14 bnFace Value (Rs) 2Lot Size (shares) 20Glenmark Life science (GLS) is the wholly owned subsidiary of Glenmark Pharmaceuticals Ltd (GNP IN). In 2001-02, GLS launched the API manufacturing business by setting up a manufacturing facility in Kurkumbh. Currently, the company has two...
Pre Market Analysis – 26th Jul 2021
Nifty last week remained largely range bound between 15,620-15,900 with action mainly restricted to small cap and midcap segment. With negative weekly closing, the Nifty remains weak and we may see renewed selling on close below 15,760. So far, major contributor for Nifty’s upward journey has been non-financial segment which contributes 65% weightage within Nifty 50. We may see significant...