Market Morning Notes For 7th March 2024
Markets witnessed sharp swings on Wednesday with Nifty trading lower in first half of session while rebounding in later half and closed with decent gains. Nifty Futures has seen closing above 22,600 which is likely to trigger major short covering in the coming days with potential target of 23,500. The Nifty Bank too witnessed major gains on the back of India’s inclusion in Bloomberg EM bond...
Gopal Snacks Limited IPO (Avoid)
Highlights Issue Size –: 16,209,476 sharesIssue Open/Close – 06 Mar / 11 Mar, 2024 Price Band (Rs.) 381 – 401 Issue Size (Rs.) – 6,500 mnFace Value (Rs) 1Lot Size (shares) 37 Gopal Snacks Limited (GSL) incorporated in 2009, is a FMCG company in India that offers ethnic snacks, western snacks, and other products in ten States and two Union Territories as of...
Market Morning Notes For 5th March 2024
Markets ended with marginal gains with Nifty futures consolidated above the breakout levels of 22300 while India VIX settled around 15. The surge in Gold and Bitcoin in the past few days clearly shows ample liquidity in global markets and we expect Nifty future to rally towards 23,500 in the coming days. Nifty Futures Chart Stocks to watch Positive Read through BEL, BEML,...
Market Morning Notes For 4th March 2024
Markets for the week ended with gains of less than a percent but was able to penetrate the resistance of 22,300 after an intense battle, thus paving the way for a meaningful upside in the near term. The breakout in Nifty futures has clearly been established and we expect an immediate upside target of 23,400 to be achieved in the next 10-15 trading session. Meanwhile, a rebound in Bank Nifty...
Weekly Market Outlook
Nifty extends gains 21K mark; Global cues in focus Markets ended with a minor cut last week as the Reserve Bank of India (RBI) kept its key interest rate unchanged for a sixth consecutive meeting, in line with expectations. RBI held the short-term interest rate steady for the sixth time at 6.5 pct. While it was in line with expectations, there were hopes for positive commentary from the...
Market Morning Notes For 8th Feb 2024
Mkts ended unchanged after initial gap up move with action turning more sector specific with gains from PSUs and selling in technology index. The inside bar with bullish candle indicates volatility to expand with positive bias in market and Sensex could be placed to test 75,600 in the coming days. Adding to it, bullish crossover can be witnessed in MACD which may act as a trigger for fueling...
Market Morning Notes For 20th Jan 2024
Markets gapped higher on Friday and managed to end with 0.6% gains despite Nifty Bank ending in the negative terrain. The breakout levels for Sensex have been holding firmly at 70,665 and should act as a key reversal for current up move. The immediate upside potential seen at 73,427 which is its recent high and we expect market to trade with positive bias as long India VIX firmly trades below...
Weekly Market Outlook From 11th Dec to 15th Dec 2023
Nifty extends gains 21K mark; Global cues in focus Markets for the week extended gains for seventh straight week which forced Sensex to cross weekly resistance line of rising wedge placed at 70,400 on back of gains mainly from technology Index. Buying was witnessed across sectors after the US Federal Reserve kept its key interest rate unchanged and signaled rate cuts next year. Also,...
Weekly Market Outlook From 4th Dec to 8th Dec 2023
Nifty hits 21K mark; Fed, BoE, ECB meetings in focus Benchmark indices gained for sixth straight week on back of strong macroeconomic data, optimism surrounding U.S. rate cut in March, and the ruling BJP’s win in three key state elections. Global markets were firm buoyed by improved sentiments worldwide regarding the end of the rate hike cycle. The Nifty ended up 3.5 pct to 20,969...