Pre Market Analysis – 30th Nov 2021
Markets remained more or less unchanged on Monday but broader markets continue to bleed with midcap and small cap indices ending with almost 2% losses. The Nifty Non IT index which holds 82% weight in Nifty 50 has posted another closing below support line of rising wedge on Monday, thus turning Nifty vulnerable for a 25-30% dip in the near term. The Nifty Bank although attempted...
Star Health & Allied Insurance Company Ltd: IPO
Issue Size- 81,429,127- 80,654,848 sharesIssue Open/Close – Nov 30/Dec 02, 2021Price Band (Rs) 870-900Issue Size- Rs 70.74-72.49 bnFace Value (Rs) 10Lot Size (shares) 16 Incorporated in 2006, Star Health and Allied Insurance Company (Star Health) has grown into the largest standalone health insurance company in India with a market share of 15.8 pct. Its comprehensive health insurance...
Pre Market Analysis – 29th Nov 2021
Markets triggered surprised selling on Friday with prices opening below crucial support of 17312 which turned out to be the support line of Rising Wedge (Nifty in USD terms) and FII topped it with massive selling of around Rs 8000 cr which took away fire power of domestic participants to hold market. The pillar of strength namely Bank Nifty and Nifty Metal Index have already developed wider...
How To Check Your Financial Health – FFC 50
Financial health describes the state of a person’s personal financial situation. Its dimensions include savings, retirement planning, and the income spent on fixed or non-discretionary expenses.Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial peril. If ignored these may prove to be very costly, but...
Pre Market Analysis – 26th Nov 2021
Markets attempted a rebound on expiry day with Nifty holding its make or break support of 17312 and Reliance Industries contributing entire gains in Nifty and the Sensex. It may appear that the market is showing strength by holding above 17312 which turns out to be a support line of rising wedge but one needs to be on high alert as most breakaway gaps indicate start of significant downtrend...
Pre Market Analysis – 25th Nov 2021
Markets traded firm, but fell towards the closing with indices turning sharply lower towards the fag end of the session. A reasonable negative candle was formed on the daily chart that has partially engulfed previous bull candle. This pattern signals weak upside bounce in the market. This market action also indicates a chance of Nifty revisiting the recent low of 17216 levels, below which we...
Pre Market Analysis – 24th Nov 2021
Markets attempted to break the crucial support of 17312 in initial hours but buying from domestic participants forced recovery to help Nifty close above 17500 with major out performance from midcap and small cap segment. As market has already opened wider cracks below 50 DMA, we can expect surprise hammering by bears in the coming days. With domestic operators putting extra effort to salvage...
Pre Market Analysis – 23rd Nov 2021
Markets triggered major unwinding on Monday with Bulls beginning to close out their long positions after Nifty sustained below 50 DMA post which key indices declined around 2%. The next leg of heavy selling may began on close below 17,312 which turns out to be the support line of Nifty in USD terms, below which market would be susceptible to 27% fall in quick span of time. An appearance of...
What Is Lifestyle Inflation & How To Overcome It-FFC ep 49
Lifestyle inflation refers to an increase in spending when an individual’s income goes up.People have a strong tendency to spend more if they have more. It creeps into more areas. You can end up spending more money than you need to (or should) on vacations, dining out, entertainment and clothing, just to keep up with the status.Lifestyle inflation tends to become greater every...