Market Morning Notes For 1st Sept 2023
Markets confirmed major trend reversal after Sensex closed below long-term support of 64,836 thus activating a bearish engulfing line on a monthly candlestick chart. This move is significant as most of long-term investors may use this signal for long liquidation unless a new buy signal emerges on a monthly basis. The immediate downside projection is seen 12% lower which turns out to be 57,084...
Rishabh Instruments Ltd IPO (Avoid)
Highlights Issue Size – 11,128,858 sharesIssue Open/Close – Aug 30/Sept 1, 2023 Price Band (Rs.) 418 – 441Issue Size- Rs 4,651 mn – 4,907 mnFace Value (Rs) 10Lot Size (shares) 34 Rishabh Instruments Limited is a vertically integrated player incorporated in 1982, involved in designing, developing, manufacturing and supplying (a) Electrical Automation Devices; (b)...
Market Morning Notes For 31st Aug 2023
Markets failed to carry opening momentum on Wednesday despite positive global market cues and finally ended unchanged. In fact, Nifty 50 retreated before touching 19,467 which clearly indicates bulls have lost control of the markets. Today being a monthly losing, it would throw necessary signals for long-term investors about the trend change. A negative closing of -0.38% or below 64836 in...
How to use the Fintoo Chatbot for managing your money?
You might have already heard the story of the ant and the grasshopper. To sum it up, the ants planned for their future by managing their resources efficiently, whereas the grasshopper was simply careless about his future and his lack of planning caused him to suffer in the end. It usually takes so little to begin planning for your future. But often money management gets overlooked. Whether...
Market Morning Notes For 6th June 2023
Markets gapped higher on Monday but failed to cross its recent high of 18662 as sharp surge in USDINR above 82.5 triggered renewed selling in financials at higher levels. For Nifty, the setup of rising three methods in candlestick still remains active with potential target of 19285 and we expect major short covering on move above 18662. The lower reading in India VIX around the 11...
5 Steps To Build A Solid Emergency Fund
Uncertainties are a part and parcel of life. Some days things go smoothly as per your plan, while some days bring unexpected challenges. And these challenges come with financial setbacks. So, what’s the solution? An emergency fund. Now, before we dive into explaining the 5 steps to build a solid emergency fund, let us first understand what exactly an emergency fund...
Best tax saving investment options in Section 80C
Discovering tax-saving investment options may not be as easy as it seems, because, along with tax benefits, you also need to find an ideal investment avenue that generates good returns and aligns with your long-term wealth creation objectives. Section 80C provides a list of investment options under which you can claim a deduction of up to Rs. 1.5 lakhs. There are several investment options...
Weekly Market Report From 8th to 12th May 2023
Markets gains on FII flows; Uptrend intact in Nifty Markets logged in decent gains on encouraging Q4 results by key corporates and persistent buying by the FIIs. Domestic market sentiments also took a hit after data suggested a possible slowdown in the US economy. Globally, investors were worried about the US debt-ceiling and stability of the banking industry. A slew of weak economic data...
How to use the Fintoo Chatbot for stocks?
We all know that the share market is one of the few investment options that can provide inflation-adjusted returns in the long run. But in order to create wealth, you need to be able to have an answer to the question, In which stock should you invest your money? And for that, you need some exposure to equity market investments. As thousands of stocks are listed on the Stock Exchange,...