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...
Is It Safe To Invest In Cryptocurrency? Here Is All You Need To Know
Bitcoin, Dogecoin, Litecoin or Ethereum. Today, Cryptocurrency is undoubtedly the most talked about topic in the global finance market. Investors across the globe are curious to know more about Cryptocurrency along with the benefits and risks involved while they invest in Cryptocurrency. So, if you are also looking for information that will help you decide whether it is safe to invest in...
Pre Market Analysis – 20th Jul 2021
Markets tumbled on back of weak global cues with maximum impact seen in financial stocks on Monday with Nifty financial services index declining by 2% and Nifty 50 closing below 15850. A close below 15850 has confirmed short term reversal in key indices and Nifty should see test of 15000 in coming days. The main focus event in yesterday’s trade was USDINR, which activated massive breakout...
Pre Market Analysis – 19th Jul 2021.
Indian equity market is likely to open lower on Monday following losses in global peers as fears of rising inflation and a relentless surge in Delta variant of the coronavirus in Asian countries dampened investors’ risk appetite. The SGX Nifty is showing a gap down opening of 200 points. The short term reversal of rising wedge will be activated on close below 15850 and should force Nifty...
Why is the equity market not falling given the covid-led chaos?
1. There are a few reasons due to which the equity market is staying afloat. a. We have seen that the Q1 results of companies are coming out and most of them are giving stellar numbers and improvement in performances. This is in turn leading to positive movements in the stocks ultimately reflecting on the broader market. b. Great inflow in the market. Retail investors are...
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...
How to File your ITR on New Portal? – FFC episode 31
The Income Tax filing season has started and Do you also wish to file your ITR on your own? This year, the government has launched a new e-filing portal to make tax filing Faster, Easier & Efficient. Our latest Friday First Cut Episode will guide you through the complete process on How to File your ITR. If you are a Salaried Individual along with a Bank Interest Income...
Tatva Chintan Pharma Chem Ltd. (Recommendation: Subscribe)
Incorporated in 1996, Tatva Chintan Pharma Chem pvt. ltd is a chemical manufacturing company that manufactures structure directing agents (SDAs), phase transfer catalyst (PTCs), pharmaceutical and agrochemical intermediates, and other specialty chemicals. The company serves customers across industries i.e. automotive, petroleum, agrochemicals, dyes and pigments, paints and coatings,...
Pre Market Analysis – 16th Jul 2021.
Markets rallied on Thursday to close above 15,900 in Nifty after the U.S Federal Reserve testified that the central bank was is no hurry to pare purchase of stimulus which are currently running at $120 bn monthly. The global markets cues helped Nifty to surpass the trading range of 15,620-15,900 which was prevailing since last one month. However on daily basis, Nifty has oscillated in the...