Market Morning Notes For 31st May 2022
Markets witness a sharp reversal in FII flows on Monday with FIIs turning into net buyers in both cash and derivatives markets forcing the Nifty to close above 16,600. The formation of a ‘bullish flag’ in the spread of the Nifty 50 Index and Nifty 500 Index indicates reallocation from broader markets to Nifty 50 Index and this may force the Nifty to move higher to 19,867 while broader...
Market Morning Notes For 30th May 2022
Markets for the week ended with marginal gains after going through volatile sessions towards 15800. However, with the spread of the Nifty 50 and Nifty 500 index on a verge of breaking out from flag consolidation, we expect Nifty to see a vertical move towards 17200 in the coming days. Global are positive with Asian indices opening in the green led by the Japanese...
Market Morning Notes For 27th May 2022
Markets rebounded sharply to regain their control above the key resistance of 16123 led by gains in banking stocks. Market dynamics turn into positive terrain on a close above 16123 for a potential target of 17200 in short term. The ratio of Bank Nifty to Nifty has also confirmed a major breakout from the downtrend, which is likely to fuel major buying from FIIs in Indian...
What Are The Types Of Income Tax Notices?
Most of us feel that once we have filed our Income Tax Return then we have complied with all our provisions and become surprised when we get any notice from the Income Tax Department. So we will have to understand what other aspects we need to keep track of to ensure that we are in compliance with the Income-tax Act The first thing which we need to understand is the different types of...
Market Morning Notes For 26th May 2022
Markets witnessed broad-based selling on Wednesday with midcap and small-cap indices declining over 3% while Bank Nifty ended in the positive terrain. Nifty surrendered below its key support of 16123 but losses were pared to less than 1% as Nifty Bank outperformed. We expect weakness in the midcap and small-cap sector to continue as money flow shifts toward large-cap financials. Based...
Market Morning Notes For 25th May 2022
Markets pared their opening gain and ended in the negative terrain on the back of selling in technology stocks while Bank Nifty ended positively with breadth remaining negative convincingly. With Nifty holding above the crucial support of 16123, this indicates that the current decline may be a bear trap and Nifty is expected to test 17200 levels in the next few days. The...
Market Morning Notes For 24th May 2022
Markets gave up their opening gains on Monday on the back of an 8% fall in the Metal Index with the Nifty ending in marginal negative terrain but well above 16,123. The FII selling in the past few days has seen a drastic reduction and on the other hand, has started building long positions in the futures segment which is a sign that they have already unwounded most of their positions in...
What Investors Should Ideally Do During A Recession?
The rupee had closed at a record low of 77.72 against the dollar on Thursday, losing over 6% in the last year, due to headwinds like rising inflation, increasing interest rates, and foreign institutional investors’ outflows and plunging markets over some time. The depreciation of the rupee is expected to impact the economy, by and large, especially imports and push-up inflation. This also...
Why Is Rupee Depreciating?
The Indian rupee has fallen to record lows amid the worsening risk sentiment and the continued spree of overseas outflows from domestic equities. The rupee fell to an all-time low of 77.6125 against the U.S. Dollar due to sell-off inequities. A major reason for sell-off inequities Hike in interest rates by the U.S. Federal Reserve.Weakening global economic growth prospects.Growth...