Weekly Market Research by Fintoo – 21st Aug 2021
#uid-7b49655747396ebe .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...
Weekly Market Research by Fintoo – 14th Aug 2021
#uid-fec8334a967c011a .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...
Pre Market Analysis – 11th Aug 2021
Nifty gains on Tuesday were capped below 0.2% after selling in broader markets forced Nifty to end below its opening levels. With the advance-decline ratio falling to 1:5, the Nifty Midcap 100 index witnessed maximum selling and is 0.5% away from a short-term breakdown. For Nifty, the crucial range stands between 16080 and 16350 with bias remaining negative. Results today- Cadila Healthcare,...
Pre Market Analysis – 5th Aug 2021
Markets witnessed divergent trade in broader indices with Nifty inching further higher to close above 16250 while midcap and small cap index formed bearish dark cloud cover on candlestick charts. A bearish dark cloud after an extended rally confirms major tops and with advance: decline turning negative to 1:2, the strength in Nifty may not last for long. The trading range for today’s trading...
Pre Market Analysis – 4th Aug 2021
Market witnessed breakout of trading range of 15620-15900 on Monday after large cap stocks came back into action to lift Nifty above 16100 and Bank Nifty above 35200 levels. With yesterday’s up move, the Dollex 30 i.e. Sensex in USD terms has managed to cross above Feb 2021 highs and from here on, 16070 in Nifty will act as an important reversal on closing basis. The sharp surge in India VIX...
Pre Market Analysis – 2nd Aug 2021
The Nifty for the month of July remained range bound with trading activity restricted in a narrow range of 15,630-15,960 and formed Doji star on monthly candlestick chart. A Doji star pattern is a sign of indecisiveness and often a signal of market tops after an extended uptrend. With FIIs turning net sellers in cash market on continuous basis and DIIs accumulating 58% of short positions in...