Pre Market Analysis – 30th Sept 2021
The benchmark indices ended lower for the second consecutive session on Wednesday amid volatility. Recovery in European markets and buying at lower levels helped the indices recoup losses. The Nifty once again took support near the 10-day SMA or 17,600 and reversed sharply. After yesterday’s sharp intraday fall, the index has formed a inside bar candle pattern which indicates...
Pre Market Analysis – 29th Sept 2021
Nifty confirmed major trend change after closing below 17802, which activated bearish setup of upside gap two crows on candlestick. This setup has coincided with major breakdown in India ADR Index which has opened potential downside of 20% in the Indian markets. Meanwhile, a move above 74 in USDINR is likely to see further selling in Indian bonds with USDINR positioned to hit 77.50 in the...
How is china’s Evergrande crisis affecting the global market?
Troubles come in packs, Indeed this is true! Just when we thought the lockdown was about to reopen and life as we knew will be back on track, China hits us again! Yes, you read it right, AGAIN! “The Evergrande Crisis”, is what we have been hearing for some days now. But what is it exactly? Unless you like to read, you must have not heard about Evergrande until now. So let us tell you the...
Pre Market Analysis – 28th Sept 2021
Nifty confirmed formation of upside gap two crows on Monday after prices opened higher but ended on flat note thus engulfing previous upmove. The upside gap two crows has major significance of trend reversal if occurred after extended rally and often confirms market top on follow up negative closing. With Natural Gas shooting by 30% in past 5 trading session and crash in Indian Govt bond...
Pre Market Analysis – 27th Sept 2021
The market for the week ended higher by 1.5% on contribution from the Nifty IT index while Bank Nifty struggled to cross 38000. With Brent crude at a 52-week high, it is well-positioned to hit USD 90 anytime soon and the first downward reaction can occur in financials and interest-rate sensitivity. For the coming week, we can expect volatility to continue as Indian markets have entered into...
Weekly Market Research by Fintoo – 26th Sept 2021
Bull-run continues; F&O expiry and auto sale numbers in focus: Markets continued its euphoric bull run with Sensex surging past the 60,000 mark for the first time ever. Positive global cues, diminishing concerns about a possible third wave of the coronavirus pandemic and report that FPIs stock holding value soars to USD 630 bn as of August 2021 also perked up the sentiments. Asian markets...
Different options to invest in Gold – FFC episode 41
Gold is placed in high regard as an investment. Due to some influencing factors such as high liquidity and inflation-beating capacity, gold is one of the most preferred investments in India. Gold investment can be done in many forms like buying jewellery, coins, bars, gold exchange-traded funds, Gold funds, sovereign gold bond schemes, etc. Once you have made your mind to invest in...
Things You Need To Know About Dividend.
Types of dividend To get rich you have to be making money while you are asleep! Now, by this we mean, make an investment and let it be responsible for multiplying your money. If you are looking for a regular return on your investment? A dividend is a right option for you! The dividend is a reward that companies extend to their existing shareholders ( a person, institution, or a company...
Pre Market Analysis – 24th Sept 2021
Markets rallied worldwide on optimism that the Chinese government will bailout Evergrande developers and U.S Fed’s positive economic outlook. Sharp upmove was seen in financials with Bank Nifty gaining by more than 2%. The Bank nifty has re-attempted a breakout after yesterday’s closing above 37700 and if we are unable to see follow up the rally, we may see another downturn. During bubble...