Market Morning Notes For 31st May 2024
Markets witnessed 1% cut on back of uncertainty ahead of the election outcome with risk of NDA not gaining complete majority created in a tremble in broader market but Nifty Bank managed to settle with gains of 0.4%. With Brent crude trading lower below USD 82 a bbl and weak Chinese PMI data, expectation of another stimulus from China is around the corner. For Nifty, large cap stocks are...
What Is IPO and How to Choose the Best IPO?
A Complete Guide to Understand Initial Public Offerings (IPOs) In the dynamic arena of finance, few events stir as much excitement and speculation as Initial Public Offerings (IPOs). An IPO marks a significant milestone in a company’s journey, symbolizing its transition from a privately held entity to a publicly traded powerhouse. However, behind the allure of IPOs lie...
Market Morning Notes For 30th May 2024
Nifty ended with nearly 200 points cut and closed below its previous 2 session’s lows. Volatility is expected to persist in the coming days. India VIX continues to remain elevated at 2- year highs as markets await the outcome of the general election. Bank Nifty widely underperformed Nifty in its monthly derivative expiry session yesterday. Oil prices settled lower Wednesday, as...
Market Morning Notes For 29th May 2024
Nifty ended flat for the third consecutive day after a big blowout rally seen on Thursday in last week’s trade. Cautiousness is seen ahead of the general election outcome. Nifty has gained over 1200 points from this month’s low and is consolidating ahead of the big event outcome. The crucial trigger for markets is seen from Nifty Bank index, where Bank Bees is already showing signs of...
Market Morning Notes For 28th May 2024
Markets cooled from day’s high after surging nearly 150 points to finally end in marginal negative terrain to claw back below the 23,000 mark in the Nifty 50, while the Nifty Bank managed to post gains of 0.7%. The crucial trigger for markets is seen from Nifty Bank index, where Bank Bees is already showing signs of major breakout fan ascending triangle. The upside potential is seen at 10%...
Market Morning Notes For 27th May 2024
Markets for the week extended gains with Nifty posting weekly closing well above all time high despite India VIX rallying towards 22. At present, the Nifty is clearly in breakout mode from parallel channel with an immediate target expected in the range of 23,900. As we move closer to expiry, we expect major short covering to occur in 23,000 strike calls and may lead beta adjustment towards...
Market Morning Notes For 24th May 2024
Nifty unfolded a blowout rally in a weekly expiry session yesterday and the index gained close to 400 points after a flat opening. The Nifty broke out of the crucial levels of 22,600 and closed at fresh all-time highs. Bank Nifty outperformed Nifty with a 1000 pt gain breaking out of its probable range as well. We expect momentum to accelerate further for upside target of 23,500. Heavy...
Difference Between Term Insurance And Life Insurance
In the labyrinth of financial planning, securing your future often involves a critical decision: choosing between term insurance and life insurance. These two stalwarts of the insurance world offer distinct advantages, making the decision a pivotal one. Let’s unravel the mysteries of term insurance and life insurance, guiding you toward the path that best safeguards your financial...
Market Morning Notes For 23rd May 2024
Markets managed to end in positive terrain after initial hours of losses with gains mainly contributed from Reliance industries while banking index ended in the red. Crucial level to watch in today’s trading session in Nifty spot would be 22,600 above which, we expect momentum to accelerate further for upside target of 23,500. Some of the heavy weights like HDFC Bank, Kotak Bank and TCS which...