Market Morning Notes For 20th June 2023
Markets ended lower after Nifty failed to sustain above 18,900 and led to the formation of dark cloud cover on a daily candlestick chart. The short-term breakout in Nifty is seen above 18,669 and as long it holds above the same, there is a strong possibility of the current rally extending towards 19,200. On the global front, Fed Chair Jerome Powell will give his semi-annual report to...
Market Morning Notes For 19th June 2023
Markets for the week surged 1.5% to post weekly closing at lifetime highs after the U.S Fed paused rate hike and domestic inflation cooled down. The sustenance of India VIX below 11% mark has provided necessary cushion for Nifty to aim at 19194 and Prime Minister U.S. visit on 22 June may further boost up investment sentiment for India. For Nifty, immediate support is seen at 18741 in...
Market Morning Notes For 16th June 2023
Markets remained cautious post the Fed hawkish stance and the Nifty ended on a negative note with the Nifty Bank underperforming. The Nifty has failed to clear its recent high of 18777 and formed a small doji star on candlestick signifying indecisiveness. For Nifty, we can expect current rally to extend towards 19194 before we see major profit booking. Dow finished 430 points higher...
Best Tax Saving Investment Options Other Than Section 80C
When it comes to saving taxes, most taxpayers are already aware of the common deductions available under Section 80C of the Income Tax Act, such as ELSS, PPF, NPS, Home Loan Interest, or HRA. But apart from these, there are several lesser-known tax saving options that can further maximize your savings by reducing your tax liability. In this blog, we will discuss top tax saving...
Market Morning Notes For 15th June 2023
Markets extended gains on Wednesday but failed to clear recent high of 18777 and formed a small doji star on candlestick signifying indecisiveness. The US Fed kept rates unchanged which has provided some short-term relief for the global markets but hawkish stance in commentary may limit significant upside for markets in the short-term. For Nifty, we can expect current rally to extend towards...
Top 5 Thumb Rules of Investing
Having too many options can often create confusion. The same goes for investments. With so many investment options and strategies, it can be difficult to understand which is the right approach for you. While there are dozens of thumb rules for investing, let us go through the common top 5 thumb rules of investing. What is a Thumb Rule? It is an idea or principle that guides you...
Market Morning Notes For 14th June 2023
Markets gapped up above 18720 in Nifty futures and managed to reinforce breakout from consolidation zone. The immediate target from hereon is expected around 19194 in Nifty future which may be followed with sharp profit booking. With U.S Fed meet lined up today evening, we expect markets to take positive cues if interest rates hikes are paused and on a dovish commentary. Key US data- FOMC...
Market Morning Notes For 13th June 2023
Markets activity remained range bound on Monday as Nifty futures failed to cross 18720 despite trading with positive bias throughout the day. We expect major bullishness to reinforce on a move above 18720 with immediate target of 19000. The lower reading of India VIX of around 11% mark suggests excessive put writing in system which may also act as key catalyst for Nifty journey towards 19500...
Weekly Market Report From 5th to 9th June 2023
Nifty ends flat, RBI policy outcome as expected; Fed Meet in focus. Markets remained range bound, and the Nifty ended almost flat during the week helped by firm global trends and positive news flow on the domestic macro front. The Reserve Bank of India’s Monetary Policy Committee’s decision on June 8 to hold policy rates was pretty much along expected lines and the overall...