Market Morning Notes For 28th June 2024
Markets advanced for the fourth straight day with Nifty June derivatives expiry occurring above the 24,000 mark while Bank Nifty ended in marginal negative terrain. The buying momentum in Nifty will likely accelerate towards 24,750 due to three white soldiers, but we expect selling pressure in midcap and smallcap to resume. Nifty 50 Chart Stocks To Watch Positive Read...
Market Morning Notes For 27th June 2024
Markets inched higher for third consecutive trading session which led to formation of three white soldiers’ pattern on candlestick in Nifty 50 Index while broader markets continued to remain laggard. The three white soldiers’ pattern is considered more reliable if each candlestick closes progressively higher than the previous one and if there is a substantial increase in trading volume on the...
Market Morning Notes For 26th June 2024
Benchmark indices scaled new high with Nifty up by 0.8 pct solely led by gain in Bank Nifty which gained 1.7 pct. Private banks outperformed PSU banks as value buying emerged with ICICI Bank entering the USD 100 bn m-cap club. We expect the outperformance in Bank Nifty to continue further with an expected target of 55,000. Any decline in markets to be used to add positions in large private...
Allied Blenders & Distillers Ltd. (Subscribe)
Highlights Issue Size – 53,380,783 sharesIssue Open/Close – 25 June / 27 June, 2024Price Band (Rs.) 267-281Issue Size (Rs.) – 15,000 mnFace Value (Rs) 2Lot Size (shares) 53 Allied Blenders and Distillers Limited (ABDL) is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the 3rd largest IMFL company in India, in terms of annual sales volumes between FY14...
Market Morning Notes For 25th June 2024
Markets regained momentum on Monday after the initial gap down opening with gains led by FMCG and Auto sector to help Nifty regain above 23,500 levels. Major short covering was seen in Bank Nifty futures as discount in futures was transformed into premium ahead of the F&O expiry in the week. Bank Nifty holds maximum potential to surpass 55,000 in the near term and help Nifty to meet its...
Stanley Lifestyles Limited. (Subscribe)
Highlights Issue Size –: 14,553,508 sharesIssue Open/Close – 21 June / 25 June, 2024Price Band (Rs.) 351 – 369Issue Size (Rs.) – 5,370 mnFace Value (Rs) 2Lot Size (shares) 40 Stanley Lifestyles Limited (SLL), incorporated in 2007, is the super-premium and luxury furniture brand in India and among the few home-grown super-premium and luxury consumer brands in India...
Market Morning Notes For 24th June 2024
Markets for the week ended on a flat note with Nifty cementing its position above 23,500 while Bank Nifty witnessed major outperformance by gaining more than 3%. The major cause for outperformance can be attributed to sharp decline in JPYINR and based on current momentum, we expect Bank Nifty to surge higher towards 55,000. As India VIX is comfortably placed around 13 mark, any decline in...
Market Morning Notes For 21st June 2024
Market witnessed modest gains led by banking sector with broader markets rallying in the last hour of trade as the Nifty comfortably cemented its position above 23,500. The triangle breakout in Bank Nifty still opens further scope of upside by another 7% with target seen beyond 54,000. For Nifty, the upmove could be staggered with target range seen between 24,500-24,700. Nifty 50...
Market Morning Notes For 20th June 2024
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