Pre Market Analysis – 8th Dec 2021
Markets rebounded sharply on Tuesday reversing its Monday losses after Bank Nifty rallied by 2.5% from the crucial support of 200 DMA on back of global cues and ended above 36500. However despite the upmove, both Nifty and Bank Nifty continue to remain below 50 DMA and 100 DMA thus turning any upmove unsustainable in near term. Infact Bank Nifty has thrown up bearish pennant formation which...
Pre Market Analysis – 7th Dec 2021
Markets succumbed to selling pressure on Monday with selling seen across the sectors and Nifty surrendering below crucial support of 17030. The Nifty Non IT Index has re-activated the breakdown of rising wedge thus opening space of 28% downside in the near term. Immediate target for Nifty is seen at 15100 in the coming days while Bank Nifty is likely to trigger selling below 36710 which turns...
Rategain Travel Technology Limited:
(High risk takers may Subscribe) Issue Size- 31,405,530 sharesIssue Open/Close – Dec 07 /Dec 09, 2021Price Band (Rs) 400- 425Issue Size- Rs 13.35 bnFace Value (Re.) 1Lot Size (shares) 35 Rategain Travel Technology Limited (RTTL) is among the leading distribution technology companies globally and is the largest Software as a Service (SaaS) company in the hospitality and travel industry...
Shriram Properties Limited: IPO
(High risk/Cash surplus may Subscribe) Issue Size- 5 crore sharesIssue Open/Close – Dec 08 /Dec 10, 2021Price Band (Rs) 113-118Issue Size- Rs 6 bnFace Value (Rs) 10Lot Size (shares) 125 Shriram Properties Limited is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. They are among the 5...
Pre Market Analysis – 06th Dec 2021
Markets witnessed sharp reversal on Friday after Nifty in USD terms failed to carry momentum beyond 38.2% of entire downmove and was followed with weekly closing below 17312. Markets are vulnerable to major downfall as Nifty has been trading below 50 DMA for 11 trading sessions and this clearly means the next leg of decline would be severe with further downside in Nifty seen around 20%....
Clubbing Of Income – FFC 51
Clubbing of Income means that the Income of some other person would also be included in your Income. You would be required to pay tax on such income of the other person.The provisions of clubbing of Income were introduced by the Govt so as to ensure that a person does not try to reduce his tax liability by splitting his income in different names.We recommend you to watch our video...
Pre Market Analysis – 3rd Dec 2021
Indian markets rallied in line with positive global cues after US raised debt ceiling till 15 Feb averting government shutdown. Nifty rallied around 1.5% to close above 17400 led by gains from technology stocks. In past two days, Nifty in USD terms has retraced 38.2% in a-b-c form of entire fall and prices still remains vulnerable for Wave 3 sell off as long prices trading below the...
Tips and Suggestions for the Financial Portfolio
Just as starting to invest is like taking your first step towards a financially better future, having the right financial portfolio is like ensuring that every step you take is the right step. The general thumb rule followed by all the investors across the world is Diversification. Though no one size fits all, depending on the objective and time horizon you should plan your financial...
Pre Market Analysis – 2nd Dec 2021
Markets attempted to rebound on Monday after Bank Nifty whipsawed its 200 DMA and ended higher 2% with the support of another beaten-down sector like Metals and Auto with Nifty closing with 1% gains. With gains in Metals & Banking, the Nifty Non-Financial Index was back above the support line which earlier predicted the downside potential of 28% in a quick span of time. The markets are...