Pre Market Analysis – 31st Aug 2021
India’s stock benchmarks closed at record amid positive global cues following Federal Reserve Chairman Jerome Powell’s dovish comments that the U.S. central bank would not be in a hurry to hike rates. Nifty rallied on back of support of financials with Bank Nifty gaining by 2% and regaining its control above 36300, while Nifty crossed above short term resistance of 16875. The current...
Pre Market Analysis – 30th Aug 2021
Markets for week ended at all-time high above 16700 after sharp rally from technology stocks which gained by almost 3% while broader markets underperformed. The weekly chart of Nifty has thrown up hanging man pattern on candlestick which indicates asset prices are on a verge of a downfall. In order to validate bearish reversal, the following candle in the coming week must have closing below...
Weekly Market Research by Fintoo – 29th Aug 2021
#uid-6b4ab8f908b36b4c .heading h2 { line-height: 1.6em; font-weight: 400; } New Highs continues, global cues to dictate trend Indian markets began September series on a positive note as Nifty hit record highs and managed to close above 16700 levels for first time. Mid cap index continued its upside momentum along with IT and FMCG counter. Banking stocks however once again...
Different types of Retirement and how to plan for it – FFC episode 37
Retirement planning means preparing today for your future life so that you continue to meet all your goals and dreams independently. This includes setting your retirement goals, estimating the amount of money you will need, and investing to grow your retirement savings. Every plan for retirement is unique. To know different types of Retirement and how to plan for it, we recommend you to...
Pre Market Analysis – 27th Aug 2021
Markets are expected to open on a cautious note amid weak global cues. The Nifty closed flat after a volatile session with intraday swings of 90 points as the expiry of derivative contracts ended at an all-time closing high. Banks and Reliance led the gainers while Metals and Bharti Airtel saw weakness on selling pressure. As volatility has narrowed down in the past few days, we...
What Is a Cibil Score and How to Improve it?
In this blog, we will discuss, what is a CIBIL score, how can you improve it and what can be considered as a good CIBIL score for availing of a loan? Are you interested in getting to know more about the same? Then, please read the further information – If you want to avail of a personal loan, a home loan, a car loan, or any other different type of loan, it is of utmost importance...
Pre Market Analysis – 26th Aug 2021
Markets ended on a flat note after failure to sustain above 16700 led by weakness in Bank Nifty while broader market remained positive. The 21-day historical volatility in Nifty 50 index has fallen drastically to 8.5% which means we may see sharp reversal in market in case Nifty closes below 16550. The rising wedge setup in Nifty to USDINR also explains that the markets are at apex zone of...
Pre Market Analysis – 25th Aug 2021
Market sentiment was also bolstered after Finance Minister Nirmala Sitharaman on Monday unveiled an ambitious Rs 6 lakh crore National Monetisation Pipeline (NMP) that included unlocking value by involving private companies across infrastructure sectors. Nifty extended gains with Bank Nifty leading from front in recovery and the latter closed well above 36500. With Global central banks...
Pre Market Analysis – 24th Aug 2021
Market activity remained range bound on Monday with midcaps and small caps ending in deep red while Nifty closed in the positive terrain near 16,500. The surge in Nifty IT by 2% prevented losses in Nifty 50 Index although breadth continues to remain in negative for the 14th trading session now. Markets are currently trading at a crucial juncture and are heavily relied on Central Bank...