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...
EPACK Durable Limited (Avoid)
Highlights Issue Size –: 27,828,351 sharesIssue Open/Close – 19 Jan / 23 Jan, 2024Price Band (Rs.) 218 – 230Issue Size (Rs.) – 6,400 mnFace Value (Rs) 10Lot Size (shares) 65 EPACK Durable Limited (EDL) commenced operations in 2003 and is the 2nd largest room air conditioner original design manufacturer (ODM) in India in terms of number of units (indoor units + outdoor...
Weekly Market Outlook From 4th Dec to 8th Dec 2023
Nifty hits 21K mark; Fed, BoE, ECB meetings in focus Benchmark indices gained for sixth straight week on back of strong macroeconomic data, optimism surrounding U.S. rate cut in March, and the ruling BJP’s win in three key state elections. Global markets were firm buoyed by improved sentiments worldwide regarding the end of the rate hike cycle. The Nifty ended up 3.5 pct to 20,969...
Pre Market Analysis – 8th Sep 2021
The market saw marginal cooling off on Tuesday with Nifty Bank continue to act as laggard while the Nifty managed to recoup losses and sustained above 17350. The Nifty Bank is 3% away from major breakdown levels and we may see more pressure on markets when USDINR regains above 73.60. U.S indices fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that...