Market Morning Notes For 25th Oct 2023
Markets succumbed to selling pressure on Monday with Nifty convincingly surrendering below the crucial support of 19,400 with broad based selling seen in midcap and small cap Index. The short trade for Nifty thus remains active for a potential target of 17,000 and a stop loss placed at 19,820. Meanwhile, Bank Nifty too has surrendered below 200 EMA and has activated breakdown from rising...
Blue Jet Healthcare Limited (Subscribe)
Highlights Issue Size – : 24,285,160 share Issue Open/Close – Oct 25 /Oct 27, 2023Price Band (Rs.) 329 – 346 Issue Size (Rs.) – 8,402 mnFace Value (Rs) 2 Lot Size (shares) 43 Blue Jet Healthcare Limited (BJHL) is a speciality pharmaceutical and healthcare ingredients and intermediates company that offers niche products targeted toward innovator pharmaceutical companies and...
Market Morning Notes For 23rd Oct 2023
Markets succumbed to selling pressure last week with Nifty declining more than 1% on back of major unrest in Middle East which forced Nifty closer to breaching multi week support zone of 19,455 in Nifty Spot. In Sensex terms, markets have tested 7-week closing low and we expect selling to accelerate on breach of crucial of support of 19,455 for a potential target of 17,000. Ideal trading...
Market Morning Notes For 20th Oct 2023
Markets opened lower on Thursday, but late recovery helped Nifty to restrict losses to 0.5% especially during weekly expiry day where leverage in the system remain high. The crisis in the Middle East has been escalating further with Israel facing rocket attacks from neighboring countries like Syria, Iraq, and Lebanon and this is forcing Brent Crude to surge beyond USD 93 a bbl for a potential...
How To Start Investing? A Beginner’s Guide
In the world of finance, investing is like the compass that guides you towards a brighter financial future. This beginner’s guide simplifies the steps to kickstart your investment journey, making the complex world of finance more accessible. The Importance of Investing Investing plays a central role in achieving financial stability and growth. Whether your ambitions include buying...
Market Morning Notes For 19th Oct 2023
Markets reacted lower on Wednesday on back of rising tensions in Middle East. Nifty settled below 19700 while BSE Sensex managed to violate short-term support of 50 DMA. The selling was mainly intensified from financial sector where Nifty Bank dropped more than 1 pct and almost closed at monthly low. From derivative positioning, maximum long buildup in Nifty futures is seen around 19,600 and...
Market Morning Notes For 18th Oct 2023
Markets managed to end higher on Tuesday to help Nifty close above 19800 after news emerged that Biden is visiting Israel to initiate peace with rest of Arab countries to de-escalate tensions. Markets are currently focussed on the Israel War and its impact on Brent crude prices. For India, rising Brent crude prices may start hurting badly as Russia has stopped accepting Rupees for settlement...
IRM Energy Limited IPO (Subscribe)
Highlights Issue Size – 10,800,000 sharesIssue Open/Close – Oct 18 /Oct 20, 2023 Price Band (Rs.) 480 – 505Issue Size (Rs.) – 5,454 mnFace Value (Rs) 10Lot Size (shares) 29 Cadila Pharmaceuticals Limited backed IRM Energy Limited incorporated in 2015, is an Indian city gas distribution (“CGD”) company with operations in Banaskantha (Gujarat), Fatehgarh Sahib...
Market Morning Notes For 17th Oct 2023
Markets ended unchanged on Monday after Nifty Futures attempted to hold above crucial support of 50 DMA with formation of doji star. The delay of Israel ground invasion of Gaza has provided short-term relief for the U.S markets with Brent crude prices retracting below USD 90 a bbl. The Nifty futures too already has positioned with Head & Shoulder top and any further escalation could...