- On Friday , U.S Markets hit fresh highs.
- SGX Nifty on Friday closing was near 13330.
- Currently , U.S Futures are slightly down.
- Asian Markets are witnessing severe profit booking.
- Hang Seng , China , Kospi, Nikkei witnessing big profit booking.
- This is why SGX Nifty is currently trading at 13250 , near about friday market closing level.
- Bank Nifty & Nifty on Friday broke out in last half hour.
- Today if we get support from Global Markets and if Asian Markets start to recover then we might witness big rally today.
- FII's on Friday too were net buyers.
- DII's keep selling.
- 13000 is a strong support for Swing traders on Nifty.
- Bank Nifty support comes near 29500.
- Market is giving Intraday fall almost on a daily basis.
- These are the times to buy into the Correction.
- This is a buy on dip Market.
- Trend is so strong onto the up side.
- We will keep slowly inching higher.
- The pace will reduce but trend is intact.
- Nifty might Trade between 12200-12380 today.
- stockmarketadvisory.in
- Question of the day by Mr.Sunny.
- What is Oversubscription in an IPO?
- IPO is termed as Initial Public offeree.
- When a Company wants to raise funds from Market they come up with an IPO. People give money to the company and company in return gives shares to them.
- These people then become Shareholders of the Company.
- Company decides to raise a Particular amount from the Amount say for Example - 1000 crores.
- But People who are Interested to buy the shares are more than what the company needs.
- People apply shares for 50,000 crores.
- This is 50 times Oversubscription as demand is higher than Supply.
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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