Pre Market Analysis – 22nd Sep 2021
Markets bounced back sharply on Tuesday after technology stocks helped Nifty to defend crucial support of 17214 and closed above 17550. The breadth of the market remained negative with Bank Nifty underperforming the Nifty Index while USDINR turned flat as Chinese market were shut due to holiday. Today, the U.S Fed policy will be in focus as o the timing of tapering of bond purchases. For the...
Pre Market Analysis – 16th Sep 2021
The market gained after the government cleared the telecom relief package and PLI schemes for another sector to help Nifty close above 17500. The major contribution of upmove in Nifty was seen from technology stocks with Bank Nifty underperforming the Nifty Index. After yesterday upmove, the Nifty IT has hit a roadblock of 10 consecutive weekly highs. With Brent crude crossing above USD 75 a...
Pre Market Analysis – 7th Sep 2021
Nifty managed to sustain its gains above 17350 on Monday after support emerged from IT stocks while Nifty Bank remained under pressure throughout the trading session. The ratio of Nifty Bank to Nifty has breached important support of 2.15 in yesterday’s trade and this may activate major selling in banking stocks in days to come. With the law of averages prevailing, we can expect Nifty to come...
Pre Market Analysis – 3rd Sep 2021
Indian equity benchmarks resumed record closing high spree after a day’s blip on the weekly F&O expiry day, tracking gains in index majors TCS, Hindustan Unilever and Ultratech Cement. Markets witnessed the continuation of a positive trend, as investors cheered RBI’s statement that India’s holding of IMF’s Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is...
Pre Market Analysis – 13th Aug 2021
Market rallied on Thursday on back of gains from technology index which surged by 2% to force Nifty to close above 16350. However, as ratio of nifty to USDINR has been oscillating in setup of rising wedge, the Nifty remains vulnerable to sharp sell-off below 16162. Adding to it, the Nifty Smallcap 100 index has also confirmed a major reversal in the past few days and may restrict upside gains...
Pre Market Analysis – 6th Aug 2021
Markets cooled off from day’s high after testing the resistance of 16350 to end above 16250 and formed a Doji star on candlestick chart. The breadth of the market continues to remain negative by more than 1:2 as action remains specific to few large caps stocks. The 21-day historical volatility for Nifty 50, has been rising steadily in July and has moved higher from 6.86% to 11% recently. This...
Krsnaa Diagnostics Limited.
Issue Size- 127- 128 lakh sharesIssue Open/Close – Aug 04/Aug 06, 2021Price Band (Rs) 933- 954Issue Size- 1,195- 1,213 croreFace Value (Rs) 5Lot Size (shares) 15 Krsnaa Diagnostics Limited (“Krsnaa”) was incorporated on 22nd December, 2010 at Pune. Krsnaa is a large and differentiated diagnostic service provider. They provide a range of technology-enabled diagnostic services such as...
Devyani International Limited.: (Subscribe for listing gains)
Issue Size- 206.5-204.2 mn sharesIssue Open/Close – Aug 04/Aug 06, 2021 Price Band (Rs) 86-90Issue Size- 17.76-18.38 bnFace Value (Re.) 1Lot Size (shares) 165 Devyani International Limited is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick services restaurants (QSR) in India (Source: Global Data Report), on a non-exclusive basis...
Windlas Biotech Limited.: (Avoid)
Issue Size- 88.25 – 87.29 lakh sharesIssue Open/Close – Aug 04/Aug 06, 2021 Price Band (Rs) 448-460Issue Size- 3.95- 4.02 bnFace Value (Rs) 5Lot Size (shares) 30 Windlas Biotech Limited is amongst the top five players in the domestic pharmaceutical formulations contract development and manufacturing organization (“CDMO”) industry in India in terms of revenue (Source: CRISIL...