Market Morning Notes For 19th Jan 2024
Markets extended weakness on Thursday with Sensex breaching short-term support of 71,500 and re-tested the earlier breakout zone of 70,650-70,665 with major pressure seen from IT and Banks. During yesterday’s decline, broader markets witnessed outperformance while India VIX declined and remained lower by 7%. The decline in India VIX may be hinting that put writers would have resumed...
Market Morning Notes For 18th Jan 2024
Markets tanked sharply on Wednesday on back of disappointment from HDFC Bank results forcing Bank Nifty to crack more than 4% and dragging Sensex towards crucial support of 71,500. As Sensex has tested the lower end of the channel, the closing may turn very important in today’s trading session. A close below 71,500 may open gates for deeper correction which may force Sensex to test 67,700 in...
Smart Ownership – An Insightful Overview of Modern Real Estate Investment
What is smart ownership in real estate? In the fast-evolving landscape of real estate, the concept of Smart Ownership has emerged as a beacon of innovation, transforming the way we invest, own, and manage properties. As the industry continues to experience growth, the Indian real estate market is expected to grow at a CAGR of 8.03% from 2024 to 2032. Smart Ownership stands out as a...
Market Morning Notes For 17th Jan 2024
Markets cooled off on Tuesday but managed to sustain crucial breakout levels of 72,800 in Sensex on the back of strength emerging in Nifty Bank above 48,000. On daily basis, the RSI has been showing negative divergence since the past few days but another attempt to test 74,000 in Sensex is not ruled out in the coming days. On the downside, 71,500 in Sensex may act as a reversal levels below...
Market Morning Notes For 16th Jan 2024
Nifty index settled yet another session at new record highs i.e. 22097 levels yesterday while mid cap index traded in line with benchmark, up 0.7%, whereas Small-cap index underperformed the benchmark, ended with a gains of 0.42%. The Sensex on weekly chart has formed hanging man which signifies trend reversal provided current weekly closing occurs with a cut of 2% or more. On the upside, we...
Medi Assist Healthcare Services Ltd (Subscribe)
Highlights Issue Size –: 28,028,168 sharesIssue Open/Close – 15 Jan / 17 Jan, 2024Price Band (Rs.) 397 – 418Issue Size (Rs.) – 11,715 mnFace Value (Rs) 5Lot Size (shares) 35 Medi Assist Healthcare Services Limited (MAHSL) incorporated in 2002, engaged in the business of providing third-party administration services to insurance companies through their wholly owned...
Market Morning Notes For 15th Jan 2024
Markets for the week recouped earlier losses to finally end in the positive terrain with Sensex rising by 1 pct on back of Friday’s gains coming from technology Index. The gains on Friday were mainly attributed by IT sector which was up 5 pct while the Midcap and Smallcap index underperformed. The Sensex on weekly chart has formed hanging man which signifies trend reversal provided current...
Market Morning Notes For 12th Jan 2024
Market activity remained range bound on Thursday with Sensex higher mainly on back of gains from Reliance Industries as broader markets struggled to sustain at higher levels. With food inflation in the U.S. coming at record high levels, the Fed policy coming in the month end would be crucial in providing details about intensity of possible rate cuts. In Sensex terms, as long it holds above...
Market Morning Notes For 11th Jan 2024
Markets on Wednesday managed to post modest gains on the back of gains from Reliance Industries while Nifty Bank witnessed closing below 20 DMA for the third consecutive trading session. The outlook for markets remains cautious as long Sensex trades below 72,600 which turns out to be a channel resistance. In case prices managed to surpass 72,600, we can expect further gains of 2-2.5% but at...