Pre Market Analysis – 2nd Sep 2021
Markets witnessed profit booking around 17200 levels led by unwinding in Nifty Bank at 37000 with Nifty ending in negative but sustaining above the 17050 mark. After the recent upsurge, 17050 will act as key defense for the market as rally has seen lack of participation from Nifty Bank and we may see significant selling in Nifty Bank whenever it closes or sustain below 36215 levels. An...
Pre Market Analysis – 1st Sep 2021
Market rallied on Tuesday with gains contributed mainly by Non Financials stocks while Bank Nifty struggled to sustain at higher levels. Nifty managed to close above 17050 but the breadth of market turned negative and India VIX surged by 9%, which is an indication of rally driven by major short covering. We can expect 17050 to act as a crucial trend reversal for the current upmove and...
Pre Market Analysis – 31st Aug 2021
India’s stock benchmarks closed at record amid positive global cues following Federal Reserve Chairman Jerome Powell’s dovish comments that the U.S. central bank would not be in a hurry to hike rates. Nifty rallied on back of support of financials with Bank Nifty gaining by 2% and regaining its control above 36300, while Nifty crossed above short term resistance of 16875. The current...
Pre Market Analysis – 30th Aug 2021
Markets for week ended at all-time high above 16700 after sharp rally from technology stocks which gained by almost 3% while broader markets underperformed. The weekly chart of Nifty has thrown up hanging man pattern on candlestick which indicates asset prices are on a verge of a downfall. In order to validate bearish reversal, the following candle in the coming week must have closing below...
Weekly Market Research by Fintoo – 29th Aug 2021
#uid-634b920665683112 .heading h2 { line-height: 1.6em; font-weight: 400; } New Highs continues, global cues to dictate trend Indian markets began September series on a positive note as Nifty hit record highs and managed to close above 16700 levels for first time. Mid cap index continued its upside momentum along with IT and FMCG counter. Banking stocks however once again...
Different types of Retirement and how to plan for it – FFC episode 37
Retirement planning means preparing today for your future life so that you continue to meet all your goals and dreams independently. This includes setting your retirement goals, estimating the amount of money you will need, and investing to grow your retirement savings. Every plan for retirement is unique. To know different types of Retirement and how to plan for it, we recommend you to...
Pre Market Analysis – 27th Aug 2021
Markets are expected to open on a cautious note amid weak global cues. The Nifty closed flat after a volatile session with intraday swings of 90 points as the expiry of derivative contracts ended at an all-time closing high. Banks and Reliance led the gainers while Metals and Bharti Airtel saw weakness on selling pressure. As volatility has narrowed down in the past few days, we...
What Is a Cibil Score and How to Improve it?
In this blog, we will discuss, what is a CIBIL score, how can you improve it and what can be considered as a good CIBIL score for availing of a loan? Are you interested in getting to know more about the same? Then, please read the further information – If you want to avail of a personal loan, a home loan, a car loan, or any other different type of loan, it is of utmost importance...
Pre Market Analysis – 26th Aug 2021
Markets ended on a flat note after failure to sustain above 16700 led by weakness in Bank Nifty while broader market remained positive. The 21-day historical volatility in Nifty 50 index has fallen drastically to 8.5% which means we may see sharp reversal in market in case Nifty closes below 16550. The rising wedge setup in Nifty to USDINR also explains that the markets are at apex zone of...