Market Morning Notes For 24th Jan 2024
Markets negated breakout on Tuesday after Sensex slipped below 70,665 triggering broad-based sell-off on back of expectations that SEBI is set to impose ultimate beneficial ownership norms for overseas investors w.e.f Feb 1. The midcap and small cap index saw deeper cuts of more than 3% while the pharma index being defensive posted gains of nearly 2%. From a short-term perspective, selling...
Market Morning Notes For 23rd Jan 2024
Markets for the week ended lower by 1.5% on back major selling from HDFC Bank with Sensex forming bearish engulfing pattern on the weekly chart. As prices are still trading above breakout levels of 70,665, we expect markets to be prone to upside bias with resistance seen at 75,000. The crucial aspect for the markets would depend on movement of volatility index. As long as India VIX continues...
Market Morning Notes For 20th Jan 2024
Markets gapped higher on Friday and managed to end with 0.6% gains despite Nifty Bank ending in the negative terrain. The breakout levels for Sensex have been holding firmly at 70,665 and should act as a key reversal for current up move. The immediate upside potential seen at 73,427 which is its recent high and we expect market to trade with positive bias as long India VIX firmly trades below...
Market Morning Notes For 19th Jan 2024
Markets extended weakness on Thursday with Sensex breaching short-term support of 71,500 and re-tested the earlier breakout zone of 70,650-70,665 with major pressure seen from IT and Banks. During yesterday’s decline, broader markets witnessed outperformance while India VIX declined and remained lower by 7%. The decline in India VIX may be hinting that put writers would have resumed...
Market Morning Notes For 18th Jan 2024
Markets tanked sharply on Wednesday on back of disappointment from HDFC Bank results forcing Bank Nifty to crack more than 4% and dragging Sensex towards crucial support of 71,500. As Sensex has tested the lower end of the channel, the closing may turn very important in today’s trading session. A close below 71,500 may open gates for deeper correction which may force Sensex to test 67,700 in...
Smart Ownership – An Insightful Overview of Modern Real Estate Investment
What is smart ownership in real estate? In the fast-evolving landscape of real estate, the concept of Smart Ownership has emerged as a beacon of innovation, transforming the way we invest, own, and manage properties. As the industry continues to experience growth, the Indian real estate market is expected to grow at a CAGR of 8.03% from 2024 to 2032. Smart Ownership stands out as a...
Market Morning Notes For 17th Jan 2024
Markets cooled off on Tuesday but managed to sustain crucial breakout levels of 72,800 in Sensex on the back of strength emerging in Nifty Bank above 48,000. On daily basis, the RSI has been showing negative divergence since the past few days but another attempt to test 74,000 in Sensex is not ruled out in the coming days. On the downside, 71,500 in Sensex may act as a reversal levels below...
Market Morning Notes For 16th Jan 2024
Nifty index settled yet another session at new record highs i.e. 22097 levels yesterday while mid cap index traded in line with benchmark, up 0.7%, whereas Small-cap index underperformed the benchmark, ended with a gains of 0.42%. The Sensex on weekly chart has formed hanging man which signifies trend reversal provided current weekly closing occurs with a cut of 2% or more. On the upside, we...
Medi Assist Healthcare Services Ltd (Subscribe)
Highlights Issue Size –: 28,028,168 sharesIssue Open/Close – 15 Jan / 17 Jan, 2024Price Band (Rs.) 397 – 418Issue Size (Rs.) – 11,715 mnFace Value (Rs) 5Lot Size (shares) 35 Medi Assist Healthcare Services Limited (MAHSL) incorporated in 2002, engaged in the business of providing third-party administration services to insurance companies through their wholly owned...