Weekly Market Research by Fintoo – 21st Aug 2021
#uid-90bcd012646ead36 .heading h2 { line-height: 1.6em; font-weight: 400; } Markets turn jittery on Fed minutes; maintain cautious stance Market for the week remained highly volatile as participants closely monitored the potential geopolitical implications of the sudden collapse of the Afghanistan government. Federal Reserve’s July meeting minutes revealed an emerging...
Pre Market Analysis – 20th Aug 2021
Market saw sharp U-turn on Wednesday to end in the negative terrain after opening with a gap up. The prices were unable to sustain above 16,650 for too long and ended with Bearish Dark Cloud Cover on daily candlestick chart. An appearance of dark cloud cover after an extended rally confirms end of bull’s capacity to take prices higher and any gap down opening followed after such a pattern...
Pre Market Analysis – 18th Aug 2021
Markets witnessed a mixed trend on Tuesday with technology stocks driving the rally in Nifty while the breadth of the market continued to remain poor with an advance-decline ratio of 1:2.5. Nifty surpassed the previous day high of 16,600 but failed to cross the 16,650 mark which turns out to be intermediate resistance. After yesterday’s up move, some of broader indices like S&P Dollex 100...
Pre Market Analysis – 17th Aug 2021
Market remained under pressure on Monday as Nifty Bank, Midcap & Small cap index ended in negative terrain while Nifty managed to post marginal gains and ended above 16,500. The deteriorating market breadth is sending warning signal for markets as rally is turning narrower day by day just to manage a positive closing in Nifty & Sensex. Yesterday, the Nifty Midcap 100 index activated...
Pre Market Analysis – 16th Aug 2021
Market witnessed divergent trend last week with Nifty & Sensex gaining 2% while Midcap index ending lower by 1.5%. The breadth of market remained negative for most of trading sessions last week with midcap and small cap ending in the negative terrain even on Friday. Such wide divergent often lead to market tops as rally remains concentrated in few stocks or may be driven by short...
Weekly Market Research by Fintoo – 14th Aug 2021
#uid-131632cb7eeb9869 .heading h3 { line-height: 1.6em; font-weight: 400; } Nifty extends gains, attains fresh all-time high Nifty for the week rose for the second straight week to post gains of around 2% and closed above 16,500 levels while broader markets continued to remain under pressure with Nifty MidSmall 400 Index closing 1.5% lower. Investor sentiments got a boost as...
Tax Benefits under New Tax Regime – FFC episode 35
As we know that Taxpayers can choose between two income tax regimes – Although the new, concessional tax regime offers lower tax rates as compared to the old regime, by opting for the new regime the taxpayer will have to forgo most tax deductions and exemptions but there are some value added Exemption and Deduction which can be claimed. Refer our video to know the Tax Benefits...
Pre Market Analysis – 13th Aug 2021
Market rallied on Thursday on back of gains from technology index which surged by 2% to force Nifty to close above 16350. However, as ratio of nifty to USDINR has been oscillating in setup of rising wedge, the Nifty remains vulnerable to sharp sell-off below 16162. Adding to it, the Nifty Smallcap 100 index has also confirmed a major reversal in the past few days and may restrict upside gains...
Attain Financial Freedom in 10 Simple Steps
Financial freedom is often interpreted in many ways but the bottom line of it is to save money and to live a rich quality of life. In a nutshell, it means having savings, cash in hand, and investments that will help one to retire or pursue a dream career after it. Unfortunately, today’s youth lack the ability to attain financial freedom. They are burdened with debt. Financial attainment...