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...
Market Morning Notes For 22nd May 2024
Markets on Tuesday ended with modest gains after initial hour of losses with major contribution coming from metal sector which was up 4% helping Nifty to close above 22,500. At the current juncture, markets are already geared for a 4-6% of quick upswing and we expect major short covering to emerge on surpassing of 22,600. Financial sector which holds 32% weight in Nifty index is expected to...
Awfis Space Solutions Ltd. (Avoid)
Highlights Issue Size –: 15,637,736 sharesIssue Open/Close – 22 May / 27 May, 2024Price Band (Rs.) 364 – 383Issue Size (Rs.) – 5,989 mnFace Value (Rs) 10Lot Size (shares) 39 Awfis Space Solutions Limited (ASSL) incorporate in 2014, is engage in the business of providing wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office...
Market Morning Notes For 21st May 2024
Markets for the week settled with gains of 2% with formation of bullish piercing line pattern on candlestick on Nifty 50 Index while movement in Nifty Bank remained subdued with gains limited to 1%. With Nifty 50 regaining control above 22,300, the bullish momentum has been activated with immediate target seen at 23,500. The target of 23,500 is based on weekly re-testing of upper range of...
Market Morning Notes For 17th May 2024
Market bounced back sharply in last hour of trade with market breadth turning positive. Action was seen in broader markets especially the capital good space with stocks rallying across the board. We expect positive momentum to accelerate further towards 22,600 in the next few trading session. At present, Nifty 50 is showing signs of double retracement which could be an indication of major...