Market Morning Notes For 5th September 2024
Markets opened lower on Wednesday but managed to recoup losses and closed above 25,100 while banking stocks ended with deeper cuts. Nifty at present has formed expanding triangle with reversal expected on close below 10-day exponential moving average which placed at 25,096. The downside below 25,096 should be seen lower towards 23,450 thereafter. With JPYINR gaining strengthening, we expect...
Market Morning Notes For 4th September 2024
Markets oscillated in a narrow range to finally close unchanged, while broader markets remained buoyant as Nifty firmly traded above 25000 mark. From a momentum perspective, there is clearly a 3rd degree negative divergence seen in RSI, which has potential to trigger sharp decline without warning from broader markets. The levels of 24965 should be seen as a crucial support in the next few...
Market Morning Notes For 3rd September 2024
Market activity remained laggard with midcap and small cap indices end in losses while Nifty cooled off from day’s high to close above 25,300. For Nifty, 23,965 remains a key support below which, aggressive shorting is expected to be activated. In the last two months, FIIs have added more than Rs 250000 crore worth options indicating that they already are positioned for a volatility...
The Voluntary Provident Fund (VPF) – A Comprehensive Guide
For individuals aiming to maximize their savings while enjoying significant tax benefits, the Voluntary Provident Fund (VPF) presents an attractive option. The VPF, a government-backed scheme, extends beyond the mandatory Employees’ Provident Fund (EPF), offering enhanced returns and flexible investment opportunities. This comprehensive guide covers everything you need to know about...
Market Morning Notes For 2nd September 2024
Markets for the week scaled all-time highs led by gains from defensives like IT, Pharma and FMCG helping Nifty to close convincingly above the 25,000 mark. However, Nifty Financial Services Index continues to trade significantly lower than all-time high leading to a major divergent trend against Nifty 50 Index. History suggests before a meaningful decline, financial index often go through a...
Market Morning Notes For 30th August 2024
Markets witnessed divergent trend on Thursday, with Nifty ending with modest gains and trading at an all-time high while midcap and small cap indices end lower. The Bank Nifty still remains distant from all time high as recent gains in Nifty is mainly contributed by defensives like IT, Pharma and FMCG. There has been strong case of a third-degree negative divergence in RSI of Nifty 50 Index...
Ecos (India) Mobility & Hospitality Ltd. (Subscribe)
Highlights Issue Size –: 18,000,000 sharesIssue Open/Close – 28 Aug / 30 Aug, 2024Price Band (Rs.) 318 – 334Issue Size (Rs.) – 6,012 mnFace Value (Rs) 2Lot Size (shares) 44 Ecos (India) Mobility & Hospitality Limited (Eco Mobility), incorporated in 1996, is primarily engaged in the business of providing chauffeured car rentals (CCR) and employee transportation...
Market Morning Notes For 29th August 2024
Markets activity remained restricted in a narrow range with Nifty ending above 25,000 on back of positive global cues after scaling to new all-time high. Bank Nifty has been showing underperformance and often provides early divergence before reversal or a major change. For Nifty, crucial support seen at 24665 below which, we can expect larger degree of correction to get activated. Nifty 50...
Baazar Style Retail Ltd. (Avoid)
Highlights Issue Size –: 21,456,947 sharesIssue Open/Close – 30 Aug / 3 Sept, 2024Price Band (Rs.) 370 – 389Issue Size (Rs.) – 8,346 mnFace Value (Rs) 5Lot Size (shares) 38 Baazar Style Retail Limited (BSRL) incorporated on 2013, is a value fashion retailer and offers apparels and general merchandise. Within the apparels, they offer garments for men, women, boys, girls...