Pre Market Analysis – 23rd Sep 2021
Nifty ended with marginal losses on Wednesday on back of major selling in Bank Nifty while gains in technology index provided relief for markets. With Fed announcing tapering from next meet and interest rate hike from next year, rupee may come under pressure which has already activated breakout above 73.60 for a potential target of 77. Another important trigger was seen from energy prices...
Pre Market Analysis – 20th Sep 2021
Markets on Friday confirmed major trend reversal after prices formed ‘Dark Cloud cover’ on candlestick with selling mainly from non-financial stocks. The non-financial segment has been main the contributor for uptrend in Indian markets since past few months and reversal here would open wider cracks for the entire market. Meanwhile, the Nifty IT index last week completed 10 weeks of...
Pre Market Analysis – 15th Sep 2021
Markets remained in a narrow range with Nifty facing resistance at 15500 while broader markets like midcaps and small caps managed to outperform the leading index. With NYSE Composite closing below 100 DMA, we can expect global markets to face sustained selling pressure, while Indian markets which are trading at euphoric highs may see mean reversion when support of 17214 in Nifty is taken out...
Pre Market Analysis – 14th Sep 2021
Markets recouped its opening losses on Monday after gains from IT & Metals stocks while Bank Nifty ended lower by 0.6% and Nifty ended above 17350. After yesterday up move, both Brent crude and Natural Gas prices have activated short term breakout, thus opening scope for 10-15% upside in near term. We can expect financials to underperform due to such breakout while Nifty may turn see wild...
Pre Market Analysis – 3rd Sep 2021
Indian equity benchmarks resumed record closing high spree after a day’s blip on the weekly F&O expiry day, tracking gains in index majors TCS, Hindustan Unilever and Ultratech Cement. Markets witnessed the continuation of a positive trend, as investors cheered RBI’s statement that India’s holding of IMF’s Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is...
Weekly Market Research by Fintoo – 24th July 2021
#uid-44dacfeb7f1c4f41 .heading h2 { line-height: 1.6em; font-weight: 400; } Markets drop in a volatile week Benchmark indices ended with small losses in a volatile trading week led by positive global market cues and a good start to Q1FY22 earnings season. Activity in the primary markets too remained upbeat which supported the overall sentiments. Global markets remained firm...