Pre Market Analysis – 8th Nov 2021
Markets for the week ended with gains but remained range bound as it struggled to sustain above 18034 despite positive global markets. The rebound has occurred after two week of consecutive losses and should be seen as a mere pullback. The Nifty has already activated major breakdown below 18034 with immediate target seen at 16500 in the near term. Thus, one should adopt caution in next few...
Pre Market Analysis – 27th Oct 2021
Markets recouped Monday’s losses for broader markets after Nifty sustained its crucial support of 18034 and Nifty Midcap and Small cap index ending higher by 2%. With Nifty Midcap 100 index already breaching previous week low and activating breakout in historical volatility, we can expect upside to remain unstable and selling pressure to continue as long Nifty trades below 18377. Results...
Pre Market Analysis – 22nd Jul 2021
Nifty remained under pressure on Tuesday with selling from banking stocks as Bank Nifty closed with losses of 2% while Nifty ended well below 15650. Nifty currently remains positioned to hit 15100 in next few days as it has confirmed rising wedge breakdown below 15750 and same support will act as a major resistance. The FII suddenly sold nearly Rs 10000 crore in spot and futures markets in...
Weekly Market Research by Fintoo – 17th July 2021
Stock Markets scaled new highs and registered first weekly gains in three with the Nifty closing a tad below the 16,000 mark as a good start to Q1FY22 results season, declining new Covid-19 cases supported sentiments. Dovish remark of Federal Reserve Chairman Powell in his testimony despite surge in inflation comforted global equities including India. Meanwhile, the Reserve Bank of India...
Weekly Market Research by Fintoo – 10th July 2021
#uid-c170720310dba87c .heading h2 { line-height: 1.6em; font-weight: 400; } Nifty turns weak, global cues dents sentiments. Zomato IPO key event to watch out in coming week Markets continued to remain under pressure led by pessimistic global market cues with volatile movement seen across sectors. The Nifty ended tad below the 15.700 mark, down 0.2 pct for the week. Volatility...
Pre Market Analysis – 8th July 2021
Market activity remained restricted in the trading range of 15780-15900 on Wednesday to finally end in positive terrain while Bank Nifty moved closer to its recent high of 35810. There was lack of momentum in large cap stock with 16000 acting as a major resistance. The Nifty G-Sec 10 yr index showed some rebound ahead of Fed minutes but with USDINR crossing above 75.80 in the international...
Pre Market Analysis – 5th Jul 2021
Markets for the week ended lower by almost 1% after trading in the range of 15,620-15,900 with USDINR in strong uptrend. FIIs continued to be net sellers amidst record high valuations with comfort emanating from stabilizing Covid-19 cases in the domestic markets. Globally, Covid-19 cases have re-accelerated and markets retraced from record peaks. For the week all eyes will remain on 15,620 in...
Pre Market Analysis – 28th June 2021
Market gained 1% for the week on back of Biden supporting another stimulus in form of USD 1 Trillion infrastructure plain which led to Nasdaq rallying 2.3% in last week. However, despite such positive news, Nasdaq 100 ended in negative on Friday to form a ‘Bearish Engulfing’ pattern on daily chart as it moved into upthrust of rising wedge. The strength in USDINR has already brought...
Pre Market Analysis – 25th June 2021
Indian Market View Market remained range bound on Thursday with Nifty facing resistance at 15900 while volumes remained on lower side on spot markets despite monthly derivatives expiry. Nifty is unable to put up significant gains in the past few days due to breakout in USDINR above 73.86 and we may see sharp reversal in markets if USDINR crosses the 74.35 mark. Bank Nifty is facing...