Pre Market Analysis – 5th Oct 2021
Markets rallied 1% on hopes of accommodative stance by RBI in upcoming credit policy but situation has suddenly turned grim after Brent crude prices rose from USD 78 a bbl to USD 81 a bbl in late afternoon. With Nifty already holding Bearish Dark Cloud Cover in the previous week, markets are at a risk of major meltdown and a move above 74.50 in USDINR could add fuel to fire during a...
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Weekly Market Research by Fintoo – 21st Aug 2021
#uid-76b3513cbe743a68 .heading h2 { line-height: 1.6em; font-weight: 400; } Markets turn jittery on Fed minutes; maintain cautious stance Market for the week remained highly volatile as participants closely monitored the potential geopolitical implications of the sudden collapse of the Afghanistan government. Federal Reserve’s July meeting minutes revealed an emerging...
Pre Market Analysis – 22nd Jul 2021
Nifty remained under pressure on Tuesday with selling from banking stocks as Bank Nifty closed with losses of 2% while Nifty ended well below 15650. Nifty currently remains positioned to hit 15100 in next few days as it has confirmed rising wedge breakdown below 15750 and same support will act as a major resistance. The FII suddenly sold nearly Rs 10000 crore in spot and futures markets in...
Pre Market Analysis – 13th Jul 2021
Nifty witnessed selling in last hour of trade to erase its opening gains on Monday and closed below the 15,700 mark. The weakness was mainly on back of selling in 10-year bond prices where India 10-year bond yield crossed 6.2% and this may put further pressure on rupee in the near-term. Although, trading range of 15,620-15,900 prevails for almost for a months, but markets remains...
Pre Market Analysis – 29th June 2021
Benchmark indices remained under pressure on Monday, however the midcap and small cap indices managed to outperform despite Nifty closing in the red. The volume activity in the past few days have been shrinking 20% below average and this may provide an early warning signal before broad-based selling in the markets. The key trigger for market in the next few days may come from movement in...
Pre Market Analysis – 28th June 2021
Market gained 1% for the week on back of Biden supporting another stimulus in form of USD 1 Trillion infrastructure plain which led to Nasdaq rallying 2.3% in last week. However, despite such positive news, Nasdaq 100 ended in negative on Friday to form a ‘Bearish Engulfing’ pattern on daily chart as it moved into upthrust of rising wedge. The strength in USDINR has already brought...
Pre Market Analysis – 25th June 2021
Indian Market View Market remained range bound on Thursday with Nifty facing resistance at 15900 while volumes remained on lower side on spot markets despite monthly derivatives expiry. Nifty is unable to put up significant gains in the past few days due to breakout in USDINR above 73.86 and we may see sharp reversal in markets if USDINR crosses the 74.35 mark. Bank Nifty is facing...
Pre Market Analysis – 24th June 2021
Indian Market View: Nifty index opened positive but failed to even hold its opening levels and after a volatile swing it drifted towards 15673 levels. It has been finding sustained selling pressure near to its life time high of 15850-15900 zones from last few trading sessions. It closed with losses of around 85 points. Nifty has been battling with resistance of 15850-15900 in the past few...
