Pre Market Analysis – 13th Oct 2021
Market extended gains on Tuesday with Nifty ending higher by 0.3% but in USD terms remained more or less neutral. The Nifty in USD terms has been trading sideways since mid of September and has formed Head & Shoulder top and a short term breakdown is placed 1.6% lower. Today, all eyes will be on Fed Minutes which will set the tone for tapering adjustment and strength of dollar...
Pre Market Analysis – 12th Oct 2021
Nifty failed to sustain above 18000 on Monday as surge in USDINR forced Nifty to retreat from higher levels and ended below 17950. With long term breakout in USDINR being activated above 74.80, the positive momentum can easily carry upmove towards 78 and beyond. The rise in USDINR also has forced Indian 10 yr bond yield to cross 6.3% and this may eventually trigger more selling from FII. For...
Pre Market Analysis – 11th Oct 2021
Indian markets in dollar terms were up 1% for week as Nifty rallied 2% despite sharp drop in rupee and USDINR closing above 75. First time after August 2020, USDINR has posted weekly closing above 75 and we can expect move towards 78 in quick succession from here on. Last week, due to rupee depreciation, technology index was up 5% but from here on, we can expect major unwinding in financials...
Do Not Miss These While Filing ITR – FFC episode 43
ITR filing due date is fast approaching. All taxpayers are required to file their ITR by 31 December 2021. In the rush to file ITRs by the due date, many taxpayers may miss out on reporting some income and that could get them into trouble with the income tax notice.It is advisable that taxpayers should be extra careful while filing their income tax returns. Our video will take you...
Pre Market Analysis – 8th Oct 2021
Market bounced sharply after US Senate increased debt limit by $480 Bn averting major debt default later this month. Nifty rallied by 1% but late selling forced Nifty to close below short-term resistance of 17802. Currently USDINR has signalled a breakout for a possible target of 78 in days to come and with such high bullishness in USDINR, Nifty and Nifty Bank are unlikely to sustain at...
Pre Market Analysis – 7th Oct 2021
Markets reacted sharply yesterday to depreciating rupee after USDINR crossed 74.60 mark and forced Nifty to end with losses of 1% while Bank Nifty settled below 37708. A breakout above 74.60 has opened gates for 80 in weeks to come and we can expect major hit to occur in Bank Nifty which is struggling to sustain above Feb 21 highs. Bank Nifty is currently 2% away from major breakdown and...
Pre Market Analysis – 6th Oct 2021
Markets showed resilience and extended gains amid mixed global cues as expectations of strong September quarter earnings lifted investors’ sentiments. The uptrend texture is likely to continue up to 17,880-17,900 levels. On the flip side, below 17,750, it may trigger quick intraday correction up to 17,710 US stocks rebounded sharply from Monday’s rout, with the Dow Jones adding more than...
Hybrid Funds And Its Types
“Mutual funds are subject to market risk, you should read all scheme related documents carefully before investing” this is something which we all have memorized unknowingly, isn’t it? So, as they say, ‘where there is an investment, there is a risk.’ And every investor has a different risk-taking capacity. While some investors prefer to take a high risk to get high returns, some happily...
Pre Market Analysis – 5th Oct 2021
Markets rallied 1% on hopes of accommodative stance by RBI in upcoming credit policy but situation has suddenly turned grim after Brent crude prices rose from USD 78 a bbl to USD 81 a bbl in late afternoon. With Nifty already holding Bearish Dark Cloud Cover in the previous week, markets are at a risk of major meltdown and a move above 74.50 in USDINR could add fuel to fire during a...