Pre Market Analysis – 8th July 2021
Market activity remained restricted in the trading range of 15780-15900 on Wednesday to finally end in positive terrain while Bank Nifty moved closer to its recent high of 35810. There was lack of momentum in large cap stock with 16000 acting as a major resistance. The Nifty G-Sec 10 yr index showed some rebound ahead of Fed minutes but with USDINR crossing above 75.80 in the international...
Pre Market Analysis – 7th July 2021
Nifty witness sharp reversal from highs of 15900 and ended in the red after India 10-year bond prices suddenly fell more than 0.5% to close at day’s low. The sharp sell-off in bond prices also had an impact on Rupee with USDINR ending above 74.50 and is now positioned to cross 76 in the next few days. For Nifty, the two- weeks of trading range may see major breakdown below 15,620 on a...
IPO Note – Clean Science and Technology Ltd
ISSUE DATES– 7th July 2021- 9th July 2021 PRICE BAND– Rs 880-900 ISSUE SIZE– Rs 15.46 bn Specialty chemicals manufacturer Clean Science and Technology will open its initial public offering for bidding on July 2. The company will not receive money raised through IPO as the money will go to selling shareholders. Clean Science and Technology Limited manufactures...
Pre Market Analysis – 6th Jul 2021
Nifty continued its pullback from Friday and ended above 15800 but below the resistance of 15850. Absence of global cues allowed the market to remain rangebound. Nifty rallied by 100 points after it took support at convergence point of 10 DMA and 20 DMA which was placed 15750 led by gains in banking stocks. However, the larger picture still depicts that Nifty is stuck in a broader range of...
Pre Market Analysis – 5th Jul 2021
Markets for the week ended lower by almost 1% after trading in the range of 15,620-15,900 with USDINR in strong uptrend. FIIs continued to be net sellers amidst record high valuations with comfort emanating from stabilizing Covid-19 cases in the domestic markets. Globally, Covid-19 cases have re-accelerated and markets retraced from record peaks. For the week all eyes will remain on 15,620 in...
Weekly Market Research – Presented by Fintoo
#uid-cecc9ca84be1d2cd .heading h2 { line-height: 1.6em; font-weight: 400; } Market Highlight’s Markets erased gains of last week, Sensex & Nifty ended Down 1% each amid lack of domestic triggers.Rupee slipped to over 2-month low; down nearly 1% this week.Midcap index gained for 2nd straight week, up 0.5%.Nifty Bank index fell nearly 1.6% this week; HDFC Bank &...
What is SFT? Must watch before you file your ITR
Do you know Statement Of Financial Transactions?Statement Of Financial Transactions (SFT) is a report of specified financial transactions which helps Government to identify the transaction that can attract taxes. Government introduced SFT To keep a tab on black money and high value transactions SFT = Statement of Financial Transactions High value transactions reflect in Form...
Pre Market Analysis– 2nd Jul 2021
Markets ended in the red for the fourth consecutive trading session but failed to close below crucial support of 15,620 despite pressure in rupee. The volume activity was well below average as large cap stocks missed sense of direction and selling was visible around 15800 in Nifty. With Nifty Bank closing below 34,900 for the second consecutive trading session, aggressive selling is expected...
Pre Market Analysis – 1st Jul 2021
Market continues to remain under pressure led by selling from financials as Nifty gave away its opening gains and closed in the negative terrain. The monthly breakout in USDINR above 74 may act as a warning for bond and equity markets and move below 15,630 may trigger aggressive selling by FIIs. For month of June, FIIs have turned net sellers to tune of 7000 cr in cash and futures after...