Market Morning Notes For 31st Oct 2023
Markets rebounded on back of gains in large cap stocks while broader markets namely mid cap and small cap segment shown under performance. The gains were mainly seen from Nifty Service sector index and Reliance Industries, wherein Nifty Service sector index managed to end with gains after initial losses. Today being monthly closing, crucial level to watch in Sensex is 63,680 as it turns out...
Cello World Limited (Subscribe)
Highlights Issue Size –: 29,320,987 sharesIssue Open/Close – Oct 30 /Nov 01, 2023Price Band (Rs.) 617 – 648Issue Size (Rs.) – 19,000 mnFace Value (Rs) 5Lot Size (shares) 23 Cello World Limited (CWL) is prominent player in the consumer ware market in India with presence in the (i) consumer houseware, (ii) writing instruments and stationery, and (iii) moulded furniture and allied...
Market Morning Notes For 30th Oct 2023
Markets for the week witnessed sharp decline with Nifty breaching consensus support of 19300 thus opening gates for a wider decline towards 17,000 in the near term. The Friday’s gain which occurred from support of 200 simple moving average in Nifty mainly occurred on the back of rebound in Nifty service sector Index which accounts for 60% weightage in Nifty 50. The Nifty service sector Index...
Market Morning Notes For 25th Oct 2023
Markets succumbed to selling pressure on Monday with Nifty convincingly surrendering below the crucial support of 19,400 with broad based selling seen in midcap and small cap Index. The short trade for Nifty thus remains active for a potential target of 17,000 and a stop loss placed at 19,820. Meanwhile, Bank Nifty too has surrendered below 200 EMA and has activated breakdown from rising...
Blue Jet Healthcare Limited (Subscribe)
Highlights Issue Size – : 24,285,160 share Issue Open/Close – Oct 25 /Oct 27, 2023Price Band (Rs.) 329 – 346 Issue Size (Rs.) – 8,402 mnFace Value (Rs) 2 Lot Size (shares) 43 Blue Jet Healthcare Limited (BJHL) is a speciality pharmaceutical and healthcare ingredients and intermediates company that offers niche products targeted toward innovator pharmaceutical companies and...
Market Morning Notes For 23rd Oct 2023
Markets succumbed to selling pressure last week with Nifty declining more than 1% on back of major unrest in Middle East which forced Nifty closer to breaching multi week support zone of 19,455 in Nifty Spot. In Sensex terms, markets have tested 7-week closing low and we expect selling to accelerate on breach of crucial of support of 19,455 for a potential target of 17,000. Ideal trading...
Market Morning Notes For 20th Oct 2023
Markets opened lower on Thursday, but late recovery helped Nifty to restrict losses to 0.5% especially during weekly expiry day where leverage in the system remain high. The crisis in the Middle East has been escalating further with Israel facing rocket attacks from neighboring countries like Syria, Iraq, and Lebanon and this is forcing Brent Crude to surge beyond USD 93 a bbl for a potential...
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In the world of finance, investing is like the compass that guides you towards a brighter financial future. This beginner’s guide simplifies the steps to kickstart your investment journey, making the complex world of finance more accessible. The Importance of Investing Investing plays a central role in achieving financial stability and growth. Whether your ambitions include buying...
Market Morning Notes For 19th Oct 2023
Markets reacted lower on Wednesday on back of rising tensions in Middle East. Nifty settled below 19700 while BSE Sensex managed to violate short-term support of 50 DMA. The selling was mainly intensified from financial sector where Nifty Bank dropped more than 1 pct and almost closed at monthly low. From derivative positioning, maximum long buildup in Nifty futures is seen around 19,600 and...