Indian IT Stocks experience correction – Time To Take Advantage?
Share prices of Indian IT companies have seen a sharp correction recently with the Nifty IT index down 27 %so far this year (CY22). Midcap IT stocks like L&T Technology Services, L&T Infotech, and Tech Mahindra have corrected between 40-45 % while larger names like TCS and Infosys have corrected by 12-22%. Also, U.S. Tech stocks have fallen quite sharply with the Nasdaq 100...
Market Morning Notes For 4th July 2022
Markets continued to witness volatile trade tracking weak global trends as inflation and recession fears kept investors on edge. Markets have struggled for direction which is also evident from dwindling volumes. However, the spread of the Nifty 50-Nifty 500 Index has been approaching a ‘Bullish Triangle’ breakout and this would mean the next leg of the up move would be highly concentrated...
Market Morning Notes For 1st July 2022
Markets on Thursday ended on a flat note firmly holding close above crucial support of 15683 as broader markets continue to budge under pressure while Bank Nifty posted gains of 0.5%. The spread of the Nifty 50-Nifty 500 Index has been approaching a ‘Bullish Triangle’ breakout and this would mean the next leg of the up move would be highly concentrated in Nifty 50 stocks. An appearance of...
Market Morning Notes 30th June 2022
Markets recovered from lows and closed with losses of less than 0.5% while broader markets struggled to post any meaningful recovery. The dull trading state in the market may soon be coming to an end as the Nifty enters the apex zone of the ‘Falling wedge’. With the appearance of positive crossover in MACD indicator and sustainable close above 15683, we expect the next leg of up move to...
Market Morning Notes For 29th June 2022
Markets opened lower on Tuesday amidst weak global cues but a late recovery in the broader market helped the Nifty end with marginal gains above 15850. The trading volumes were the lowest for the year as dull activity forced most participants to sit on the sidelines. Generally, at the tapered end of ‘Falling Wedge’, volumes tend to contract and later on expand with a rising gap. In the...
Market Morning Notes For 28th June 2022
Markets ended higher but cooled off from higher levels to close with gains of 0.9% in Nifty while gains were contributed by mainly technology and metal sector. The upside momentum for the market has already begun after Friday closing above 15683 and in the near term, prices are expected to surge higher despite the wall of worries. The initial motion may be a a slower pace due to lack...
6 Strategies To Reduce Investment Risks
Investment risk is defined as the probability or likelihood of the occurrence of losses as compared to the expected return from an investment. All investments carry a certain level of risk, be it equities, MFs, bonds, or investments in gold. The idea here is not to erase the risk completely but to reduce it to a degree where it does not hurt the overall portfolio and safeguards it from...
Market Morning Notes For 27th June 2022
Markets on Friday managed to close above the key reversal point placed at 15683 after multiple attempts in the past few days. The setup of Dollex 30 i.e. Sensex in USD terms has been following characteristics of the typical ‘Falling Wedge’ pattern where RSI throws up positive divergence and prices are unable to form significant lows. With the Nifty closing above 15683, the next leg of the...
Product Offering For June 2022
Presenting the most reliable investment options for June 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 in-depth analysis and making logical assumptions about its performance in the future. The entire list has...