Pre Market Analysis – 2nd Dec 2021
Markets attempted to rebound on Monday after Bank Nifty whipsawed its 200 DMA and ended higher 2% with the support of another beaten-down sector like Metals and Auto with Nifty closing with 1% gains. With gains in Metals & Banking, the Nifty Non-Financial Index was back above the support line which earlier predicted the downside potential of 28% in a quick span of time. The markets are...
Tega Industries Limited: (May Subscribe)
Issue Size- 13,669,478 sharesIssue Open/Close – Dec 01/Dec 03, 2021Price Band (Rs) 443-453Issue Size- Rs 6.06- 6.19 bnFace Value (Rs) 10Lot Size (shares) 33 Subscribe Tega Industries Limited (TIL) is a leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling...
Pre Market Analysis – 1st Dec 2021
Markets turned wildly volatile on Tuesday with Nifty making sharp U-turn after initial rally towards 17300 and finally ending in the negative terrain at day’s low. The Bank Nifty has confirmed major breakdown below crucial 200 DMA of 35700 on closing basis thus opening gates for 25-30% cut in the near term. Going forward, markets are likely to shift gears for a speedy decline with broader...
Pre Market Analysis – 30th Nov 2021
Markets remained more or less unchanged on Monday but broader markets continue to bleed with midcap and small cap indices ending with almost 2% losses. The Nifty Non IT index which holds 82% weight in Nifty 50 has posted another closing below support line of rising wedge on Monday, thus turning Nifty vulnerable for a 25-30% dip in the near term. The Nifty Bank although attempted...
Star Health & Allied Insurance Company Ltd: IPO
Issue Size- 81,429,127- 80,654,848 sharesIssue Open/Close – Nov 30/Dec 02, 2021Price Band (Rs) 870-900Issue Size- Rs 70.74-72.49 bnFace Value (Rs) 10Lot Size (shares) 16 Incorporated in 2006, Star Health and Allied Insurance Company (Star Health) has grown into the largest standalone health insurance company in India with a market share of 15.8 pct. Its comprehensive health insurance...
Pre Market Analysis – 29th Nov 2021
Markets triggered surprised selling on Friday with prices opening below crucial support of 17312 which turned out to be the support line of Rising Wedge (Nifty in USD terms) and FII topped it with massive selling of around Rs 8000 cr which took away fire power of domestic participants to hold market. The pillar of strength namely Bank Nifty and Nifty Metal Index have already developed wider...
How To Check Your Financial Health – FFC 50
Financial health describes the state of a person’s personal financial situation. Its dimensions include savings, retirement planning, and the income spent on fixed or non-discretionary expenses.Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial peril. If ignored these may prove to be very costly, but...
Pre Market Analysis – 26th Nov 2021
Markets attempted a rebound on expiry day with Nifty holding its make or break support of 17312 and Reliance Industries contributing entire gains in Nifty and the Sensex. It may appear that the market is showing strength by holding above 17312 which turns out to be a support line of rising wedge but one needs to be on high alert as most breakaway gaps indicate start of significant downtrend...
Pre Market Analysis – 25th Nov 2021
Markets traded firm, but fell towards the closing with indices turning sharply lower towards the fag end of the session. A reasonable negative candle was formed on the daily chart that has partially engulfed previous bull candle. This pattern signals weak upside bounce in the market. This market action also indicates a chance of Nifty revisiting the recent low of 17216 levels, below which we...