Market Morning Notes For 19th April 2023
Markets activity remained range bound with Nifty opening higher and ending with marginal losses while midcap and the small-cap index ended in the green. Nifty is currently trading in a major breakout zone and hence has been sustaining above 50 DMA and 200 DMA convincingly. The lower reading in India VIX suggests a big upswing is likely in the coming days with a potential upside beyond 18000...
Weekly Market Report From 10th to 14th Apr 2023
Nifty surpasses resistance; IT stocks to play spoilsport Markets extended gains for the third consecutive week on continued support from global markets and FIIs inflows. The Nifty surpassed the important barrier of 17,800. The Nifty IT index fell and dragged the benchmark index and results from heavyweights TCS and Infosys were below expected. Globally, poor retail sales data in the U.S....
Market Morning Notes For 12th April 2023
Markets extended gains on Tuesday after a sharp surge in Bank Nifty which helped Nifty to close above 17700 levels. Markets have clearly entered into a breakout zone with upside projection seen a further 9% in the coming days. The intermediate high of 17799.95 is likely to be taken out in today’s trading session above which, we may see the next round of short covering. The breakout in Dollex...
Missed The Financial Deadlines? Here’s What You Can Do Next?
With so many deadlines to keep track of, it’s easy to miss one or two. If you’re an investor or taxpayer who’s missed the March 31st deadline, don’t worry, you’re not alone. However, missing a deadline can have serious consequences, especially when it comes to financial matters. So, what should you do if you’ve missed the deadline? In this blog,...
Weekly Market Report From 03rd to 07th Apr 2023
Market gains as RBI holds rates; Quarterly results will be in focus this week Markets gained in a holiday-shortened week in spite of global market volatility as an unchanged stance by the RBI in its monetary policy meeting aided the sentiments. The global stock market witnessed volatility on evidence of a cooling economy which accentuated worries that the Federal Reserve’s campaign...
Market Morning Notes For 06th April 2023
Markets posted smart gains on Wednesday where Nifty and Sensex rallied by nearly a percent while Midcap Indices ended in the red. After yesterday’s gains, Nifty has cemented its position above 50 & 200 DMA, thus providing more comfort to the bulls. With Nifty 50 surpassing the 17500 level, we expect short covering to force Nifty towards 18652 in the next few days. RBI keeps repo rates...
Market Morning Notes For 05th April 2023
Markets began on a positive note in the April series, but gains were muted as Nifty faced the psychological hurdle of 17500. After Monday’s closing, the Nifty 50 activated a falling wedge breakout which was also corroborated by positive divergence in RSI and RSI breakout. This combination is seen as a crucial trigger for the return of buying momentum with an immediate target seen at 18652 in...
5 Biggest Mistakes In Stock Market Investing
The stock market has always been well-known for generating high returns. Gradually, this has become a popular investment alternative for many new investors. In India, as per the data, the number of demat accounts rose to 11 crores in January 2023 from 8.4 crores in January 2022, registering a growth of 31 percent. The reason behind such growth is increased financial literacy, attractive...
Avalon Technologies Limited IPO (May Subscribe)
Issue Size – 19.83 mnIssue Open/Close – Apr 03/Apr 06, 2022Price Band (Rs.) 415-436Issue Size- Rs 8.65 bnFace Value (Rs) 2Lot Size (shares) 34 Incorporated in 1999, Avalon Technologies Limited is a leading fully integrated Electronic Manufacturing Services (EMS) company. They have end-to-end operations in delivering box-build solutions, with a focus on high-value precision-engineered...