Market Morning Notes For 1st September 2022
Markets for the month of August ended positive after a sharp up move on Tuesday that shook most of the market participants as Nifty surged by around 500 points and Bank Nifty jumped 1300 points on the back of Rs 4000 crore buying by FIIs in the cash market. This up move has led to a major breakout on the ‘Monthly Chart’ for broader indices like Nifty 100 and BSE 100 index and is expected...
Nykaa IPO Review
FSN E-Commerce Ventures Limited IPO (Nykaa): (Only High-risk investors may Subscribe) Issue Size- 5.6 mn sharesIssue Open/Close – Oct 28/Nov 01, 2021Price Band (Rs) 1,085-1,125Issue Size- 53.5 bnFace Value (Re.) 1.0Lot Size (shares) 12 Incorporated in 2012, FSN E-Commerce Ventures Limited (Nykaa) is a consumer technology platform, delivering a content-led, and lifestyle...
Pre Market Analysis – 18th Oct 2021
Market last week gained by 2.5% despite USDINR hitting 1-yr high and Brent crude crossing 7-yr high on back of easy liquidity measures by central banks. After Friday’s up move, the Sensex in USD terms has re-tested its September highs and markets are likely to face resistance around 18,500-18,600 in the coming week. With Brent crude positioned for hitting USD 110 a bbl and USDINR about 80, we...
Pre Market Analysis – 7th Oct 2021
Markets reacted sharply yesterday to depreciating rupee after USDINR crossed 74.60 mark and forced Nifty to end with losses of 1% while Bank Nifty settled below 37708. A breakout above 74.60 has opened gates for 80 in weeks to come and we can expect major hit to occur in Bank Nifty which is struggling to sustain above Feb 21 highs. Bank Nifty is currently 2% away from major breakdown and...
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 – 8th Sep 2021
The market saw marginal cooling off on Tuesday with Nifty Bank continue to act as laggard while the Nifty managed to recoup losses and sustained above 17350. The Nifty Bank is 3% away from major breakdown levels and we may see more pressure on markets when USDINR regains above 73.60. U.S indices fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that...
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 – 10th Aug 2021
Market struggled to sustain higher levels on Monday despite gap up opening and selling pressure was witnessed in most of midcap and small cap stocks while Nifty managed to end with marginal gains above 16250. The advance decline ratio deteriorated further to 1:2.5 while trading range of 16170-16350 remained intact. As market is witnessing weakness at higher levels, we can expect trend...
Cartrade Tech Limited.: (Only High risk investors may Subscribe)
Issue Size- 1.85 bn sharesIssue Open/Close – Aug 09/Aug 11, 2021Price Band (Rs) 1,585-1,618Issue Size- 29.37-29.99 bnFace Value (Rs) 10Lot Size (shares) 9 Cartrade Tech (CTT) is a multi-channel auto platform with a presence across varied vehicle types and value-added services. Through its platforms (operated under the brand names of CarWale, CarTrade, Shriram Automall, BikeWale,...