Pre-Market Analysis for 6th May 2022
Markets cooled off from day’s high to end on a flat note yesterday forming an inside bar pattern on a daily candlestick chart. An inside bar often occurs ahead of the intermediate bottom hence we can expect a major turnaround in the market in the next 2-to 3 sessions. The India VIX also cooled from the resistance of 22% mark to end with losses of 8%. For the market to see a...
Pre-Market Analysis for 05th May 2022
Markets reacted sharply on the downside to the surprise 40 bps hike in repo rate and 50 bps hike in CRR by the RBI in a mid-policy review. This forced Nifty to test the much-awaited support levels of 16671. After yesterday’s decline, the correction phase in the market may have ended and we expect a blowout rally in Nifty post 10th May. The India VIX also tested the 22% resistance mark in...
Pre-Market Analysis for 04th May 2022.
We Expect the market to open on a positive note on account of the global market rally in the last two trading sessions. Market expected to be range-bound today ahead of important events – US Fed policy meeting (11.30 pm) and mega LIC IPO commence from today. SGX Nifty is up marginally against the previous day’s close. We expect the market to pick up steam post 10th of May and...
Everything You Need To Know About LIC IPO
Issue Size – 221,374,920 sharesIssue Open/Close – May 04/May 09, 2022 Price Band (Rs.) 902-949Issue Size- Rs 195.17- 205.57 bnFace Value (Rs.) 10Lot Size (shares) 15Discount Detail: Retail Category Rs.45/ per share. LIC Employees Rs.45/ per share. LIC Policyholders Rs.60/- per share.* Implied market cap based on the upper price band LIC is the largest insurance provider...
Why is DMF more beneficial compared to RMF?
Mutual funds have now become the first choice for investment. It is one of the safest and most convenient forms of investment, as you can invest in form of SIP (Systematic Investment Plan) many investors are in dilemma should we consider regular or direct mutual funds? In this article, we have listed all the reasons that will help you know why Direct Mutual Funds should be the...
I am planning to sell land. How can I save on tax?
Whether it’s a salary income, rental income, interest income, capital gains, or any other type of income, it is compulsory for everyone to pay taxes on all the sources of income. Therefore, it is extremely important to be aware of how much tax one needs to pay and how to save tax. In this blog, you will know about the best ways to save capital gain tax on the sale of a property....
Pre-Market Analysis For 2nd May 2022
Markets for the week ended lower with the Nifty declining by 0.5% after it failed to sustain above the key resistance of 17140 as India VIX continued to trade above the 19% mark. The short-term correction in the market may be completed once the Nifty hits 16671 and is likely to be followed by a rally towards 19867 till May end. The broader index namely the Nifty 50 equal-weighted...
Pre Market Analysis For 29th April 2022
Markets ended higher yesterday led by support from key index heavyweights. FIIs turned net buyers (net sellers in the last 14-trading sessions) and stable oil prices also supported the sentiments. Today, we expect the market to open on a positive note on account rally in the global markets. The overall view remains positive for a target of 19867 by May end on a positional basis. The...
Pre-Market Analysis For 28th April 2022
Markets remained under pressure on Wednesday on the back of Nasdaq hitting 52-week low and continuous FII selling which forced the Nifty to close around 17000 levels. The India VIX also jumped 7% to end around 21% but still remains under the critical support zone of 22%. Nifty is likely to test 16671 before it resumes its upmove towards 19867 with India VIX being necessary to trade below...