Market Morning Notes For 20th March 2023
Markets last week remained under pressure but recovery on Friday trading session helped key indices to trim losses to less than 2%. The BSE Sensex has formed a typical bullish expanding triangle which has added significant confusion due to higher high and lower low and has recently tested the long-term breakout line or neckline of head & shoulder bottom. With broader markets showing...
Market Morning Notes For 17th March 2023
Markets exhibited signs of strength as the broader index namely the Nifty 50 equal weighted Index failed to trigger a closing below the support line, thus helping the Nifty 50 to end in the marginal positive terrain. The Sensex has tested the lower end of the bullish expanding triangle and hence we may witness a major trend reversal on Sensex closing above 57,630 in today’s trading...
Market Morning Notes For 16th March 2023
Markets made one more attempt to cross 17,205 on Wednesday but the last hour of selling forced Nifty to settle below 17,000. Currently, the broader markets have seen a good amount of strength, but large stocks are unable to post-recovery. The Nifty 50 Equal weighted Index also indicates the completion of a falling wedge setup and suggests that broader markets are poised for a major recovery....
Market Morning Notes For 14th March 2023
Markets witnessed a sharp turnaround on Monday, as a higher opening of 100 points was followed by a sharp decline to breach an intermediate low of 17,255 and settled below 17,200 in the Nifty 50. The selling pressure was mainly felt in the financial sector with Nifty Bank ending lower by more than 2% as a contagion of two failed U.S. banks impacted most of the small and mid-size banks in...
Weekly Market Report From 06th to 10th Mar 2023
Nifty slips on hawkish Fed; Global cues will be in focus in the coming week Indian markets stayed in correction mode on weak global cues as investors turned cautious ahead of the crucial jobs report later in the week. Markets were once again worried about sharper rate hikes after Fed Chair Powell hinted at a higher peak rate which triggered a large dollar rally. Global markets were also...
Market Morning Notes For 10th March 2023
Markets declined on low volumes on Thursday taking cues from the global market amidst worries of a 50 bps rate hike in the upcoming Fed policy on 22 March. The decline forced prices to retrace around 38.2% of the recent up move which is seen as a strong support and reversal zone. The immediate upside based on weekly closing is expected around 17870 based on the bullish weekly candle in the...
Your Guide To Investing In Passive Mutual Funds
Mutual funds are an exceptional market-linked investment opportunity available at present, offering adequate risk diversification and the potential for significant long-term returns. However, selecting the right mutual fund can take time and effort, considering the range of options available in the market. To make the right investment decision, it is crucial to differentiate between the...
Market Morning Notes For 09th March 2023
Markets erased opening losses to close at the highest point of the day with Nifty in USD terms reconfirming a breakout for the second consecutive trading session. Going forward, we expect buying momentum to accelerate further with an immediate target for the week placed at 17,870 and 19,500 thereafter. Nifty 50 in USD terms Stocks to watch Positive Read through Alembic...
How Does Financial Literacy Impact Women Entrepreneurs?
It is crucial for entrepreneurs, regardless of their gender, to make precise and effective decisions. In addition, they need to be able to forecast future demand and, therefore should possess a good understanding of the numbers, formulas, terminology, and fundamental financial principles involved in the process. With adequate financial education, entrepreneurs may be able to protect their...