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...
Understand form 26AS – FFC episode 38
Form 26AS is a statement of tax credit generated by the Income-Tax Department based on your PAN number for every financial year. It contains details of the tax deducted on your behalf by employers, the bank/institution in which you have an investment and the sale/purchase or rent of the immovable property. To get an in-depth idea on form 26AS from our taxpert, do watch our...
Pre Market Analysis – 3rd Sep 2021
Indian equity benchmarks resumed record closing high spree after a day’s blip on the weekly F&O expiry day, tracking gains in index majors TCS, Hindustan Unilever and Ultratech Cement. Markets witnessed the continuation of a positive trend, as investors cheered RBI’s statement that India’s holding of IMF’s Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is...
Everything You Need To Know About Asset Monetization
Since 23rd August 2021, when the Union Finance Minister, Nirmala Sitharaman launched the National Monetization Pipeline, ‘asset monetization’ has taken over the news, internet and streets by storm. Almost everyone is heard talking about the government’s four-year infrastructure asset monetization plan which will help it raise Rs. 6 Lakh Crore by 2025. While some people are appreciating...
Pre Market Analysis – 2nd Sep 2021
Markets witnessed profit booking around 17200 levels led by unwinding in Nifty Bank at 37000 with Nifty ending in negative but sustaining above the 17050 mark. After the recent upsurge, 17050 will act as key defense for the market as rally has seen lack of participation from Nifty Bank and we may see significant selling in Nifty Bank whenever it closes or sustain below 36215 levels. An...
Pre Market Analysis – 1st Sep 2021
Market rallied on Tuesday with gains contributed mainly by Non Financials stocks while Bank Nifty struggled to sustain at higher levels. Nifty managed to close above 17050 but the breadth of market turned negative and India VIX surged by 9%, which is an indication of rally driven by major short covering. We can expect 17050 to act as a crucial trend reversal for the current upmove and...
Pre Market Analysis – 31st Aug 2021
India’s stock benchmarks closed at record amid positive global cues following Federal Reserve Chairman Jerome Powell’s dovish comments that the U.S. central bank would not be in a hurry to hike rates. Nifty rallied on back of support of financials with Bank Nifty gaining by 2% and regaining its control above 36300, while Nifty crossed above short term resistance of 16875. The current...
Pre Market Analysis – 30th Aug 2021
Markets for week ended at all-time high above 16700 after sharp rally from technology stocks which gained by almost 3% while broader markets underperformed. The weekly chart of Nifty has thrown up hanging man pattern on candlestick which indicates asset prices are on a verge of a downfall. In order to validate bearish reversal, the following candle in the coming week must have closing below...
Weekly Market Research by Fintoo – 29th Aug 2021
#uid-0b1ec7225cc65947 .heading h2 { line-height: 1.6em; font-weight: 400; } New Highs continues, global cues to dictate trend Indian markets began September series on a positive note as Nifty hit record highs and managed to close above 16700 levels for first time. Mid cap index continued its upside momentum along with IT and FMCG counter. Banking stocks however once again...