- 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.
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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