Market Morning Notes For 10th Nov 2023
Markets on Thursday failed to carry momentum beyond 19,465 and was followed with selling in the last hour of trade to close below 19,400 in Nifty. The BSE Sensex has reacted from resistance of head & shoulder neckline and has potential to activate large scale selling if today’s closing manages to occur below 19,250. Meanwhile, Dow Jones Index has formed bearish engulfing pattern in...
Market Morning Notes For 9th Nov 2023
Markets activity on Wednesday turned subdued with Sensex oscillating in mere 200 points to finally end on a flat note while midcaps and small cap counters put up a strong show. Markets have reached crucial juncture with Sensex re-testing the neckline of head & shoulder top placed at 65,200 and we expect the next leg of decline to occur from the similar zone. From trend reversal point of...
Market Morning Notes For 8th Nov 2023
Markets on Tuesday recovered from day’s low and ended unchanged with back-to-back hanging man pattern in Sensex as markets enter into crucial resistance of a triangle pattern. The hanging man pattern often signifies trend reversal and can expect 50 EMA in Sensex which is placed at 65245 to act important hurdle on closing basis in near term. Meanwhile sharp decline in brent crude prices has...
Muhurat Trading 2023: Date, Time & Significance.
Diwali, the festival of lights, is a time when every corner of India comes alive with celebrations, from the glow of diyas to the joy of sharing sweets and gifts with loved ones. But it’s not just about festivities; it’s also a moment when Indian investors get a unique opportunity to embark on a financial journey like no other – the sacred tradition of Muhurat Trading....
ASK Automotive Limited (Subscribe)
Highlights Issue Size –: 29,571,390 sharesIssue Open/Close – Nov 07 /Nov 09, 2023Price Band (Rs.) 268 – 282Issue Size (Rs.) – 8,340 mnFace Value (Rs) 2Lot Size (shares) 53 ASK Automotive Limited (ASKAL) was incorporated in 1988, which supply safety systems and critical engineering solutions. The company offerings are powertrain agnostic, catering to electric vehicle (EV) as well as...
Protean eGov Technologies Ltd. (Subscribe)
Highlights Issue Size –: 6,191,000 sharesIssue Open/Close – Nov 6 /Nov 08, 2023Price Band (Rs.) 752 – 792Issue Size (Rs.) – 4,903 mnFace Value (Rs) 10Lot Size (shares) 18 Protean eGov Technologies Limited (PEGTL) was incorporated in 1995, formerly known as NSDL e-Governance Infrastructure Limited. The company originally setup as a depository in 1995 and created a systemically...
Market Morning Notes For 7th Nov 2023
Markets on Monday ended with gains of around 1 pct to help Nifty close above 19,400 with rally mainly backed by commodity related stocks while Bank Nifty exhibited signs of indecisiveness of doji star for the third consecutive trading session. At the current juncture, the Dollex 30 i.e., Sensex in USD terms has moved closer to test its 100 EMA and a re-tested the resistance of triangle which...
ESAF Small Finance Bank Ltd. (Subscribe)
Highlights Issue Size –: 77,166,667 sharesIssue Open/Close – Nov 3 /Nov 07, 2023Price Band (Rs.) 57 – 60Issue Size (Rs.) – 4,640 mnFace Value (Rs) 10Lot Size (shares) 250 ESAF Small Finance Bank Limited (ESFBL) incorporated in 2016, is a small finance bank with a focus on unbanked and under-banked customer segments, especially in rural and semiurban centres. ESAFL commenced its business...
Weekly Market Outlook From 30th Oct to 3rd Nov 2023
Markets volatile; Q2 results, geopolitics in focus. Markets rallied taking cues from positive markets after the U.S. Fed maintained its stance on interest rates, fueling expectations that the central bank has concluded its rate hikes. Positive auto sales figures, an increase in GST collection, robust factory data, and Q2 earnings surpassing estimates also contributed to the positive...