Market Morning Notes For 20th Oct 2023
Markets opened lower on Thursday, but late recovery helped Nifty to restrict losses to 0.5% especially during weekly expiry day where leverage in the system remain high. The crisis in the Middle East has been escalating further with Israel facing rocket attacks from neighboring countries like Syria, Iraq, and Lebanon and this is forcing Brent Crude to surge beyond USD 93 a bbl for a potential...
How To Start Investing? A Beginner’s Guide
In the world of finance, investing is like the compass that guides you towards a brighter financial future. This beginner’s guide simplifies the steps to kickstart your investment journey, making the complex world of finance more accessible. The Importance of Investing Investing plays a central role in achieving financial stability and growth. Whether your ambitions include buying...
Market Morning Notes For 19th Oct 2023
Markets reacted lower on Wednesday on back of rising tensions in Middle East. Nifty settled below 19700 while BSE Sensex managed to violate short-term support of 50 DMA. The selling was mainly intensified from financial sector where Nifty Bank dropped more than 1 pct and almost closed at monthly low. From derivative positioning, maximum long buildup in Nifty futures is seen around 19,600 and...
Market Morning Notes For 18th Oct 2023
Markets managed to end higher on Tuesday to help Nifty close above 19800 after news emerged that Biden is visiting Israel to initiate peace with rest of Arab countries to de-escalate tensions. Markets are currently focussed on the Israel War and its impact on Brent crude prices. For India, rising Brent crude prices may start hurting badly as Russia has stopped accepting Rupees for settlement...
IRM Energy Limited IPO (Subscribe)
Highlights Issue Size – 10,800,000 sharesIssue Open/Close – Oct 18 /Oct 20, 2023 Price Band (Rs.) 480 – 505Issue Size (Rs.) – 5,454 mnFace Value (Rs) 10Lot Size (shares) 29 Cadila Pharmaceuticals Limited backed IRM Energy Limited incorporated in 2015, is an Indian city gas distribution (“CGD”) company with operations in Banaskantha (Gujarat), Fatehgarh Sahib...
Market Morning Notes For 17th Oct 2023
Markets ended unchanged on Monday after Nifty Futures attempted to hold above crucial support of 50 DMA with formation of doji star. The delay of Israel ground invasion of Gaza has provided short-term relief for the U.S markets with Brent crude prices retracting below USD 90 a bbl. The Nifty futures too already has positioned with Head & Shoulder top and any further escalation could...
Weekly Market Wrap From 9th Oct to 13th Oct 2023
Markets volatile; Q2 results, geopolitics in focus. Markets gained for the second-straight week; however volatility was high following some negative global cues including the Israel-Palestine conflict amid selling by foreign institutional players. Global stock market was volatile as investors were cautious amid the ongoing conflict between Israel and Palestinian group Hamas in the Middle...
Market Morning Notes For 16th Oct 2023
Markets for the week ended with gains of 0.5% after Bank Nifty failed to cross crucial hurdle of 50 DMA and was followed with major selling on Friday. The Nifty future premium suddenly disappeared on Friday trading session due to volume-based selling on Friday thus confirming a setup of Head & Shoulder Top. The escalation of war between Israel-Hamas may have serious impact on Oil prices...
Market Morning Notes For 13th Oct 2023
Markets failed to extend gains beyond 19,800 after lack of momentum from Bank Nifty and Nifty ended with marginal negative closing. So far, Nifty has managed to retrace 50% of recent downtrend and hence remains vulnerable to major downtrend below 50 DMA which is placed at 19,606. The Bank Nifty has been so far weakest as it is continuously trading below 50 DMA and is currently poised for 5-7%...