Market Morning Notes For 10th September 2024
Markets rebounded from lows to end in the positive terrain led by gains from Nifty Bank while broader markets continued to remain under pressure. Midcap and Small cap index ended in the red. The global markets are currently anticipating 50 bps cut in rates in the upcoming Fed policy scheduled next week and in case of 25 bps cut, markets could see trigger kneejerk reaction. Meanwhile, for the...
Kross Limited (Avoid)
Highlights Issue Size –: 20,833,334 sharesIssue Open/Close – 9 Sept / 11 Sept, 2024Price Band (Rs.) 228 – 240Issue Size (Rs.) – 5,000 mnFace Value (Rs) 5Lot Size (shares) 62 Kross Limited (KROSS) incorporated on 1991, is engage in the business of manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high performance...
Market Morning Notes For 9th September 2024
Markets for the week confirmed major reversal with formation of bearish engulfing pattern on weekly candlestick and was followed with Nifty breaching key psychological support of 25,000 mark. Currently Nifty 50 has completed expanding triangle setup on daily basis and since prices were unable to breach the upper resistance line, the implication remains highly bearish. Similar expanding...
Bajaj Housing Finance Ltd. (Subscribe)
Highlights Issue Size –: 937,142,858 sharesIssue Open/Close – 9 Sept / 11 Sept 2024Price Band (Rs.) 66-70Issue Size (Rs.) – 65,600 mnFace Value (Rs) 10Lot Size (shares) 214 Bajaj Housing Finance Limited (BHFL) part of giant Bajaj Group, was incorporated in 2008 and is a non-deposit taking Housing Finance Company (HFC), registered with the National Housing Bank (NHB) and...
Market Morning Notes For 6th September 2024
Markets remained under pressure mainly on back of strengthening Japanese yen but managed to defend crucial support of 25,096 in Nifty 50. At present, the Nifty has been oscillating in expanding triangle and this would mean momentum reversal towards 23700 may occur at a faster pace if Nifty is unable to cross beyond 25,500. The global markets are currently discounting 25 bps rate cut in...
Market Morning Notes For 5th September 2024
Markets opened lower on Wednesday but managed to recoup losses and closed above 25,100 while banking stocks ended with deeper cuts. Nifty at present has formed expanding triangle with reversal expected on close below 10-day exponential moving average which placed at 25,096. The downside below 25,096 should be seen lower towards 23,450 thereafter. With JPYINR gaining strengthening, we expect...
Market Morning Notes For 4th September 2024
Markets oscillated in a narrow range to finally close unchanged, while broader markets remained buoyant as Nifty firmly traded above 25000 mark. From a momentum perspective, there is clearly a 3rd degree negative divergence seen in RSI, which has potential to trigger sharp decline without warning from broader markets. The levels of 24965 should be seen as a crucial support in the next few...
Market Morning Notes For 3rd September 2024
Market activity remained laggard with midcap and small cap indices end in losses while Nifty cooled off from day’s high to close above 25,300. For Nifty, 23,965 remains a key support below which, aggressive shorting is expected to be activated. In the last two months, FIIs have added more than Rs 250000 crore worth options indicating that they already are positioned for a volatility...
The Voluntary Provident Fund (VPF) – A Comprehensive Guide
For individuals aiming to maximize their savings while enjoying significant tax benefits, the Voluntary Provident Fund (VPF) presents an attractive option. The VPF, a government-backed scheme, extends beyond the mandatory Employees’ Provident Fund (EPF), offering enhanced returns and flexible investment opportunities. This comprehensive guide covers everything you need to know about...