Weekly Market Research by Fintoo – 12th Sept 2021
#uid-1d4c722189b91ecd .heading h2 { line-height: 1.6em; font-weight: 400; } Markets flattens at the top in absence of fresh cues Nifty indices once again scaled to record highs in the week gone by as the rally got supported by mid cap and energy counter. Nifty surpassed 17,400 levels during the week but however could not manage to close above that and ended on a flat note....
Writing your phone number behind a cheque? Beware!
Nowadays banking frauds are quite on the rise. Being ultra-vigilant while mentioning personal details in document or cheque goes a long way in preventing us from being trapped in any unwanted scam. Let us discuss with the help of a recent example how sharing a small detail can get you trapped. Harm of writing your phone number behind a cheque? In a recent case, a man who was quite...
Pre Market Analysis – 9th Sep 2021
Bank Nifty rebounded from crucial support on Wednesday after Non-Financial stock came under selling pressure while USDINR reactivated monthly breakout on close above 73.60 for a potential target of 77.50. There is a direct negative correlation in USDINR and Bank Nifty and hence we may see wild swings in Bank Nifty in days to come. The Bank Nifty which so far has underperformed the Nifty by...
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...
How to Check Income Tax Refund Status Online?
Income tax refund comes to the picture when individuals pay taxes higher than the actual income tax liability for that particular financial year. A taxpayer can claim a refund of this excess amount, and after proper assessment and going through certain documents, the income tax department makes the refund. ● According to reports, between April 1, 2021, to April 26,...
Pre Market Analysis – 7th Sep 2021
Nifty managed to sustain its gains above 17350 on Monday after support emerged from IT stocks while Nifty Bank remained under pressure throughout the trading session. The ratio of Nifty Bank to Nifty has breached important support of 2.15 in yesterday’s trade and this may activate major selling in banking stocks in days to come. With the law of averages prevailing, we can expect Nifty to come...
ITR Filing Online Process Step-By-Step
An income tax return (ITR) filing doesn’t have to be a worry. You don’t need to take help from an expert or continuously worry about deadlines. Today we can file taxes online. The process of filing taxes online is called E-filling. It is quite a simple task and E-filling can be done in just a few minutes from the comfort of your home or office. As per Income Tax Act, 1961 every individual...
Pre Market Analysis – 6th Sep 2021
Indian markets gained almost 4% for the week outperforming most of the global markets and the Nifty closed above the psychological barrier of 17000. With breakout in historical volatility on 26th August, we have entered into a high volatility phase in days to come. This would mean either Nifty has the potential of rally to 18666 or will move lower to 15244. The pivot point for wide swing is...
Weekly Market Research by Fintoo – 5th Sept 2021
New highs yet again, relentless rally continues Markets scaled new highs in line with global market cues after the US Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in a long-awaited speech last Friday. Sentiments were boosted after the RBI said that India’s holding of IMF’s Special Drawing Rights (SDR) has gone up to SDR 12.57 bn...