Pre Market Analysis – 7th July 2021
Nifty witness sharp reversal from highs of 15900 and ended in the red after India 10-year bond prices suddenly fell more than 0.5% to close at day’s low. The sharp sell-off in bond prices also had an impact on Rupee with USDINR ending above 74.50 and is now positioned to cross 76 in the next few days. For Nifty, the two- weeks of trading range may see major breakdown below 15,620 on a...
Pre Market Analysis – 6th Jul 2021
Nifty continued its pullback from Friday and ended above 15800 but below the resistance of 15850. Absence of global cues allowed the market to remain rangebound. Nifty rallied by 100 points after it took support at convergence point of 10 DMA and 20 DMA which was placed 15750 led by gains in banking stocks. However, the larger picture still depicts that Nifty is stuck in a broader range of...
Pre Market Analysis – 5th Jul 2021
Markets for the week ended lower by almost 1% after trading in the range of 15,620-15,900 with USDINR in strong uptrend. FIIs continued to be net sellers amidst record high valuations with comfort emanating from stabilizing Covid-19 cases in the domestic markets. Globally, Covid-19 cases have re-accelerated and markets retraced from record peaks. For the week all eyes will remain on 15,620 in...
Weekly Market Research – Presented by Fintoo
#uid-67bcbf562d1e4d2a .heading h2 { line-height: 1.6em; font-weight: 400; } Market Highlight’s Markets erased gains of last week, Sensex & Nifty ended Down 1% each amid lack of domestic triggers.Rupee slipped to over 2-month low; down nearly 1% this week.Midcap index gained for 2nd straight week, up 0.5%.Nifty Bank index fell nearly 1.6% this week; HDFC Bank &...
Pre Market Analysis– 2nd Jul 2021
Markets ended in the red for the fourth consecutive trading session but failed to close below crucial support of 15,620 despite pressure in rupee. The volume activity was well below average as large cap stocks missed sense of direction and selling was visible around 15800 in Nifty. With Nifty Bank closing below 34,900 for the second consecutive trading session, aggressive selling is expected...
Pre Market Analysis – 1st Jul 2021
Market continues to remain under pressure led by selling from financials as Nifty gave away its opening gains and closed in the negative terrain. The monthly breakout in USDINR above 74 may act as a warning for bond and equity markets and move below 15,630 may trigger aggressive selling by FIIs. For month of June, FIIs have turned net sellers to tune of 7000 cr in cash and futures after...
Pre Market Analysis – 30th June 2021
Market extended weakness on Tuesday as Nifty failed to cross the resistance of 15900 and closed around 15750. So far market is stuck in trading range of 15620-15900 since past few weeks and today being monthly closing, we may see strong confirmation of breakout in USDINR on a close above 73.86. This breakout in USDINR should trigger follow up buying in USDINR which may force sharp upward...
Pre Market Analysis – 23rd June 2021
Market cooled off from day’s high to close almost on a flat note after it was unable to sustain above the crucial resistance of 15900. Bank Nifty continues to look weaker with supports resting at 34600 and resistance having shifted lower at 35100. So far, the index is holding below 35100 it could well go and retest its previous week’s lows near 34000. Momentum could accelerate on the downside...
Daily Market Analysis – 22nd June 2021 (Adani Group)
Adani Power to acquire 1,200 MW Essar Power’s Mahan project The country’s largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatts (MW) Essar Power’s Mahan Project located at Singrauli district of Madhya Pradesh. According to industry sources, Adani Power will shell out close to Rs 3,000 crore for the Mahan Project....
