Pre Market Analysis – 23rd Nov 2021
Markets triggered major unwinding on Monday with Bulls beginning to close out their long positions after Nifty sustained below 50 DMA post which key indices declined around 2%. The next leg of heavy selling may began on close below 17,312 which turns out to be the support line of Nifty in USD terms, below which market would be susceptible to 27% fall in quick span of time. An appearance of...
What Is Lifestyle Inflation & How To Overcome It-FFC ep 49
Lifestyle inflation refers to an increase in spending when an individual’s income goes up.People have a strong tendency to spend more if they have more. It creeps into more areas. You can end up spending more money than you need to (or should) on vacations, dining out, entertainment and clothing, just to keep up with the status.Lifestyle inflation tends to become greater every...
Should You Invest in a Fund of Funds?
Successful investing is about managing risk and not avoiding it! For investors who are new and looking to invest at a minimum risk, they should consider the fund of funds as an investment option. What is a Fund of Funds(FOF)? A Fund of Funds is a type of mutual fund scheme that invests in other mutual funds. So, instead of directly investing in equities or debt securities, the manager...
Pre Market Analysis – 17th Nov 2021
Markets developed wider cracks on Tuesday with Nifty closing below 18034 after intense battle with bulls and Bank Nifty surrendered below the 50 DMA on closing basis. The strength in market has certainly vanished after yesterday’s down move and once MSCI India ETF closes 1% further lower, it could turn out to be the final nail in the coffin before start of a sizeable and extended downtrend in...
How Fintoo ensures your Safety and Security?
Are you amongst those people who double check and triple check the authenticity and safety of any website before sharing any information related to yourself, your near and dear ones, and most importantly, your finances? Well, with the increasing number of incidents related to online identity and monetary thefts, we at Fintoo completely understand your concern about the safety and security...
Pre Market Analysis – 16th Nov 2021
Markets ended on a flat note even after Nifty’s initial efforts to surpass 18200 while breadth remained negative with major pressure seen from the metal index. For Nifty, the crucial support is seen at 18034 below which, markets are expected to see major unwinding. Currently, MSCI India ETF has also thrown up diamond top pattern which has led to range bound activity and a breakdown is placed...
Go Fashion (India) Ltd
(Risk takers/ Cash surplus investors May Subscribe) Issue Size- 1.47 crore sharesIssue Open/Close – Nov 17/Nov 22, 2021Price Band (Rs) 655- 690Issue Size- Rs 9.68-10.13 bnFace Value (Rs) 10Lot Size (shares) 21 Incorporated in 2010, Go Fashion (India) Ltd is one of the largest women’s bottom-wear brands in India. The company is engaged in the development, design, sourcing,...
Tarsons Products Ltd IPO
(May Subscribe) Issue Size- 15,465,861sharesIssue Open/Close – Nov 15/Nov 17, 2021Price Band (Rs) 635- 662Issue Size- Rs 9.82-10.24 bnFace Value (Rs) 2Lot Size (shares) 22 Subscribe IPO Tarsons Products Ltd is a leading Indian life sciences company with more than three decades of experience in the production and supply of labware products. The Company is an Indian labware...
Pre Market Analysis – 15th Nov 2021
Market for the week ended with gains of around 1% after sharp rebound on Friday which forced Nifty to close above 18,034 which is a crucial resistance levels. After Friday’s up move, the support line of expanding wedge is now placed at 17,945 and should be seen as a key breakdown levels for the coming days. On the other hand, with formation of weekly hammer pattern, the upside resistance for...