Rising Inflation And Its Impact On Stock Markets
In a recent survey done by market research agency, Ipsos, across 27 countries, named – “What Worries the World” – Inflation, has topped the list beating poverty, unemployment, crime, and covid. With most commodity prices seeing anywhere between 50% to 100% increase in their prices over a period of 2 years i.e 2020 to 2022, inflation has troubled everybody – from governments to...
Market Morning Notes For 27th July 2022
Markets traded cautiously on Tuesday ahead of the U.S Fed policy meet on Wednesday evening with the Nifty partly parring the previous week gains to close below 16500. However, with the formation of the ‘Bullish hold line’ pattern in the previous week candlestick chart, we can expect weekly closing to turn flat or in the green as observed in most cases. This along with the flag breakout in...
Market Morning Notes For 26th July 2022
Markets remained highly volatile yesterday after disappointing earnings from Reliance Industries. Markets are expected to start on a sober note today after yesterday’s weakness. However, Bank Nifty has confirmed a ‘flag’ breakout with an immediate target of 43,300 which may trigger bullishness in days to come. The BSE Bankex in Euro terms has also seen a similar breakout which indicates that...
Product Offering For July 2022
Presenting the most reliable investment options for July 2022. Keeping the current global scenario and market reactions in mind, our financial experts at Fintoo have shortlisted some of the best investment options for you. Each investment option is selected only after performing an in-depth analysis and making logical assumptions about its performance in the future. The entire list has...
Market Morning Notes For 25th July 2022
Markets rally last week turned splendid with Nifty gaining more than 4% while Bank Nifty ended with gains of more than 7% with the formation of ‘Bullish Belt-hold line’ pattern on a weekly candlestick chart. In fact, on a weekly closing basis, Bank Nifty has confirmed a ‘flag’ breakout with an immediate target of 43,300 which may trigger bullishness in days to come. The BSE Bankex in Euro...
Market Morning Notes For 22nd July 2022
Markets extended gains on Thursday with FII turning net buyers for the fourth consecutive trading session thus forcing Nifty to end above 16522 which turned out to be 200 EMA. Going forward, the buying momentum is likely to accelerate further as the impact of the weekly breakout of BSE Bankex from ‘Flag’ consolidation may trigger at least a 17% up move in the coming days. We expect Nifty...
Market Morning Notes For 20th July 2022
Markets on Tuesday crossed two important landmarks – on one side Nifty 50 Equal weighted Index closed above 200- Day Exponential moving average and on the other side, the ratio of BSE Financial Index to MCX Copper closed above 1000- the day simple moving average. These along with the Nifty crossing above the 16355 is an indication of a sharp rally in days to come. More funds would...
Market Morning Notes For 19th July 2022
Markets rallied on Monday to cross above 2 weeks high on the back of short covering in technology and metal stocks with the Nifty 50 regaining its control above 50 EMA and India VIX settling near the 17% mark. We can expect market momentum to continue for the next few days and expect the market to settle higher despite a lower opening with near term target seen at 17500. Lower reading...
IT Stocks Crash: Why IT Stocks Are Falling?
The Nifty IT sector has been one of the biggest losers amongst the sectorial baskets correcting almost 32%% from its high of 39,000. The Nifty IT sector is currently trading at 26,480 and is forming new lows in almost every trading session. The main concern regarding the IT companies is regarding its largest consumer – US-based companies. With growing concern regarding recession in the US,...