Pre Market Analysis – 25th Aug 2021
Market sentiment was also bolstered after Finance Minister Nirmala Sitharaman on Monday unveiled an ambitious Rs 6 lakh crore National Monetisation Pipeline (NMP) that included unlocking value by involving private companies across infrastructure sectors. Nifty extended gains with Bank Nifty leading from front in recovery and the latter closed well above 36500. With Global central banks...
Pre Market Analysis – 24th Aug 2021
Market activity remained range bound on Monday with midcaps and small caps ending in deep red while Nifty closed in the positive terrain near 16,500. The surge in Nifty IT by 2% prevented losses in Nifty 50 Index although breadth continues to remain in negative for the 14th trading session now. Markets are currently trading at a crucial juncture and are heavily relied on Central Bank...
Pre Market Analysis – 23rd Aug 2021
The benchmark indices ended the volatile week on a negative note. After rallying 7.7% from the July month’s low, Nifty snapped its two-week winning streak. Nifty failed to carry on the previous week’s momentum beyond 16,500 to finally end with losses of 0.5% and formed small bearish shooting star on weekly candlestick. The low of shooting star will be critical in coming days which stands at...
Weekly Market Research by Fintoo – 21st Aug 2021
#uid-6751c52d7db6029b .heading h2 { line-height: 1.6em; font-weight: 400; } Markets turn jittery on Fed minutes; maintain cautious stance Market for the week remained highly volatile as participants closely monitored the potential geopolitical implications of the sudden collapse of the Afghanistan government. Federal Reserve’s July meeting minutes revealed an emerging...
Pre Market Analysis – 20th Aug 2021
Market saw sharp U-turn on Wednesday to end in the negative terrain after opening with a gap up. The prices were unable to sustain above 16,650 for too long and ended with Bearish Dark Cloud Cover on daily candlestick chart. An appearance of dark cloud cover after an extended rally confirms end of bull’s capacity to take prices higher and any gap down opening followed after such a pattern...
Pre Market Analysis – 18th Aug 2021
Markets witnessed a mixed trend on Tuesday with technology stocks driving the rally in Nifty while the breadth of the market continued to remain poor with an advance-decline ratio of 1:2.5. Nifty surpassed the previous day high of 16,600 but failed to cross the 16,650 mark which turns out to be intermediate resistance. After yesterday’s up move, some of broader indices like S&P Dollex 100...
Pre Market Analysis – 17th Aug 2021
Market remained under pressure on Monday as Nifty Bank, Midcap & Small cap index ended in negative terrain while Nifty managed to post marginal gains and ended above 16,500. The deteriorating market breadth is sending warning signal for markets as rally is turning narrower day by day just to manage a positive closing in Nifty & Sensex. Yesterday, the Nifty Midcap 100 index activated...
Pre Market Analysis – 16th Aug 2021
Market witnessed divergent trend last week with Nifty & Sensex gaining 2% while Midcap index ending lower by 1.5%. The breadth of market remained negative for most of trading sessions last week with midcap and small cap ending in the negative terrain even on Friday. Such wide divergent often lead to market tops as rally remains concentrated in few stocks or may be driven by short...
Weekly Market Research by Fintoo – 14th Aug 2021
#uid-becc54fd8513278e .heading h3 { line-height: 1.6em; font-weight: 400; } Nifty extends gains, attains fresh all-time high Nifty for the week rose for the second straight week to post gains of around 2% and closed above 16,500 levels while broader markets continued to remain under pressure with Nifty MidSmall 400 Index closing 1.5% lower. Investor sentiments got a boost as...