Pre Market Analysis – 11th Aug 2021
Nifty gains on Tuesday were capped below 0.2% after selling in broader markets forced Nifty to end below its opening levels. With the advance-decline ratio falling to 1:5, the Nifty Midcap 100 index witnessed maximum selling and is 0.5% away from a short-term breakdown. For Nifty, the crucial range stands between 16080 and 16350 with bias remaining negative. Results today- Cadila Healthcare,...
Pre Market Analysis – 10th Aug 2021
Market struggled to sustain higher levels on Monday despite gap up opening and selling pressure was witnessed in most of midcap and small cap stocks while Nifty managed to end with marginal gains above 16250. The advance decline ratio deteriorated further to 1:2.5 while trading range of 16170-16350 remained intact. As market is witnessing weakness at higher levels, we can expect trend...
Cartrade Tech Limited.: (Only High risk investors may Subscribe)
Issue Size- 1.85 bn sharesIssue Open/Close – Aug 09/Aug 11, 2021Price Band (Rs) 1,585-1,618Issue Size- 29.37-29.99 bnFace Value (Rs) 10Lot Size (shares) 9 Cartrade Tech (CTT) is a multi-channel auto platform with a presence across varied vehicle types and value-added services. Through its platforms (operated under the brand names of CarWale, CarTrade, Shriram Automall, BikeWale,...
Pre Market Analysis – 9th Aug 2021
Markets scaled to new highs and ended with gains of 3% for the week on the back of another round of stimulus in US markets. Although Nifty has surpassed above 16200, the breadth of the market has begun to deteriorate at higher levels and major activity has seen in stocks listed in ADR & GDR of Indian companies. For the week, the trading range for Nifty is seen between 16000-16350 and a...
Weekly Market Research by Fintoo – 8th Aug 2021
Indian market rallied 3% for the week after the U.S. Senate approved another infrastructure stimulus worth $1 trillion to support the US economy. At the time when rent moratorium was coming to an end, this package acted as a booster shot to global financial market. Although, Nifty has managed to close above 16,000 levels, the risk levels remains highly elevated due to rise in historical...Old vs New Tax Regime. Which one should you select? FFC episode 34
The old regime is the one that existed all these years which comes with allowed deductions and exemptions. To know new and old tax regieme in detail and which one should you select watch our video. Also read – Capital Gains Tax on Sale of Property – FFC Episode 30 A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which...
Pre Market Analysis – 6th Aug 2021
Markets cooled off from day’s high after testing the resistance of 16350 to end above 16250 and formed a Doji star on candlestick chart. The breadth of the market continues to remain negative by more than 1:2 as action remains specific to few large caps stocks. The 21-day historical volatility for Nifty 50, has been rising steadily in July and has moved higher from 6.86% to 11% recently. This...
Nuvoco Vistas Corporation Limited.
Issue Size- 87.7-89.3 bn sharesIssue Open/Close – Aug 09/Aug 11, 2021Price Band (Rs) 560-570Issue Size- 50 bnFace Value (Rs) 10Lot Size (shares) 26 Nuvoco Vistas Corporation Limited (Nuvoco) was incorporated on February 8, 1999. Nuvoco is promoted by Dr Karsanbhai K. Patel, who is associated with the Nirma Group. Nuvoco is the 5th largest cement company in India and the largest...
Pre Market Analysis – 5th Aug 2021
Markets witnessed divergent trade in broader indices with Nifty inching further higher to close above 16250 while midcap and small cap index formed bearish dark cloud cover on candlestick charts. A bearish dark cloud after an extended rally confirms major tops and with advance: decline turning negative to 1:2, the strength in Nifty may not last for long. The trading range for today’s trading...