From Zerodha you can apply IPO in only 10 seconds, As they only approve UPI 2.0 enabled UPI, so only some UPI application work with this system, Phonepe is one of them, Use the same UPI ID shown in the below article only then you can use IPO system. Login to your account and Go to Console, click Portfolio and then click IPO. Process mentioned below. After selecting IPO you will get List of IPO…
Price Wise & Time Wise correction both are bad for a stock or for an Index. Some time a particular stock stuck in both situation, some time whole Index stuck in this situation. In both Corrections stock/Index will adjust/slide as per financial situation of economy. It’s a very Interesting thing to study in market, like if you focus on major Bear market in history then in 98% of times you will get Both phase of…
Domestic Market View Nifty Yesterday again in consolidation range, Today Expecting high volatility due to expiry, one side movement will be there in second half of trading session. A 200 point range is there for Nifty to trade for, 10980 lower range and 11180 upper range, As FII is still selling on daily basis so Market need a fresh trigger for some Buying or for Breaking of this Heavy resistance of 11180, Trigger can be…
Domestic Market View Yesterday was a full consolidation day as updated in the telegram channel, Now again Nifty will try to test upper range of 11150-11180. Very heavy cluster of Resistance is there at upper levels, Support wise 11050 is good support for market for Intra basis. It would be in range of 11180 and 11050. Tomorrow is expiry so again it will try to be in range only, premium eating will be there again,…
Nifty : Last day Nifty rallied by 177 Points, Heavy gains backed by News about govt. meeting with Industrialist and one more meeting planned for Today evening on Issue of FPI surcharge. There are Many other rumors flooding in various social media channels like roll back of LTCG, I will avoid them as this is not much important as compare to Issues regarding slowing down of economy. So carry less Positions for Tuesday ( Monday…
The way Auto sector crashed in last 2 months is like more pain ahead, But for Short term many Auto Sector companies formed a bottom, Not a Proper Bottom But yes for short term they will try to rally, rest all depends on govt. policies & stimulus package. Like If we check Two Wheeler and Four Wheeler chart, we can say Two wheeler form short term bottom and four wheeler have some more pain ahead.…
An Interesting setup going in Hindalco. Every-time when it Breakdown from Symmetrical Triangle, then It move minimum 16%, So recently again there was a Breakdown from Same pattern on 30th July, As per the setup it would touch 160 on or before 16th September 2019. See this is not a technical thing, but interesting, just time pass and when Time pass giving your profit then why not to grab that, And same my system alerting…
Domestic Market View Nifty : On Friday market slipped in to Negative Territory from first very minute and kept on Sliding on every hourly basis, Pure selling was there, FII on selling spree From 1st July till 20th July FII sold nearly Rs 7500 Crore, and again they will sell more in upcoming days, Market is in situation of “Sell on Rise”. VIX was up by 4%, Heavy open Interest at 11300 strike indicating some…
HDFC Bank 1QFY 2020 Results HDFC Bank is India’s largest private sector bank with 5,130 banking outlet across 2,764 cities (as on June 30, 2019) and offers a range of banking services viz. commercial, investment banking, retail banking and financial services. Consolidated Basis Results Operating Performance: Strong growth in Net Interest Income (NII) by +22.8%/Rs. 14,199.3 crs, on a Y-o-Y basis mainly driven due to growth in the loan book (essentially assets for the Banks)…
On a consolidated basis Q-o-Q basis: RIL clocked a revenue growth of +12.2%/of Rs. 172,956 crore , led by growth in revenue of: +15.8% from the refining business : Higher volumes despite lower Gross Refinery margins (GRM’s) of $8.1/barell; which is lowest in 18 quarters vs. $8.2/barell in 4QFY19 (GRMS;’s stood at $10/barell in 1Q FY19) contributed to the growth in the overall revenue. The street was disappointed as the street expected $8.5/barell. +9.6% from…