Pre Market Analysis – 29th Sept 2021
Nifty confirmed major trend change after closing below 17802, which activated bearish setup of upside gap two crows on candlestick. This setup has coincided with major breakdown in India ADR Index which has opened potential downside of 20% in the Indian markets. Meanwhile, a move above 74 in USDINR is likely to see further selling in Indian bonds with USDINR positioned to hit 77.50 in the...
Pre Market Analysis – 17th Sep 2021
Market got second booster shot on Thursday after FM Nirmala Sitharaman laied out plan for bad bank, which helped Nifty Bank to surge towards February highs of 37708. The Nifty Bank still remains at critical positions as ratio of Nifty Bank to Nifty which has resulted in the breakdown in past few days may swing 12% up or down in days to come. A breakdown in NYSE Composite on closing basis also...
Rolex Rings Ltd.: (SUBSCRIBE FOR LONG-TERM)
Issue Size- 81.22-81.36 lakh sharesIssue Open/Close – Jul 28/Jul 30, 2021Price Band (Rs) 880-900Issue Size- 7.16-7.31 bnFace Value (Rs) 10Lot Size (shares) 16 Rolex Rings Limited is one of the top five forging companies in India and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two...
Pre Market Analysis – 23rd Jul 2021
Stock Market recovered its losses registered on Tuesday with Nifty gaining 192 points or 1.2% for the day. Gains were largely led by Infosys, ICICI Bank and Reliance Industries. The Nifty Metal index gained 3% and was the top sectoral gainer. For today’s trade, Q1FY22 results of Reliance Industries will be in focus. In addition, Zomato will list its shares on exchanges today after its initial...
Pre Market Analysis – 22nd Jul 2021
Nifty remained under pressure on Tuesday with selling from banking stocks as Bank Nifty closed with losses of 2% while Nifty ended well below 15650. Nifty currently remains positioned to hit 15100 in next few days as it has confirmed rising wedge breakdown below 15750 and same support will act as a major resistance. The FII suddenly sold nearly Rs 10000 crore in spot and futures markets in...
Weekly Market Research by Fintoo – 17th July 2021
Stock Markets scaled new highs and registered first weekly gains in three with the Nifty closing a tad below the 16,000 mark as a good start to Q1FY22 results season, declining new Covid-19 cases supported sentiments. Dovish remark of Federal Reserve Chairman Powell in his testimony despite surge in inflation comforted global equities including India. Meanwhile, the Reserve Bank of India...