Another aspect we will be closely watching would be how Nifty futures would play in the next week as they had gone into discount, unable to keep up with sustained buying in some Nifty heavyweights. Ideally, this is a sign of large demand on the spot, willing us to consider the possibilities of 26,600 on Nifty. That said, how the discount will play out on Monday will guide us if we need to play upside with urgency or ignore Friday’s turn of events as part of index rebalancing.
Manba Finance IPO opens today: GMP up 50%; should you subscribe? (23-09-2024)
Manba Finance unlisted shares were trading at a premium of Rs 60 in the grey market, reflecting a 50 per cent gain over the IPO’s upper end price of Rs 120, underscoring positive investor sentiment
Tata Motors – DVR (23-09-2024)
Is Stryder a subsidiary of Tata motors?
If not, how’s this news relevant to this thread?
Govt bond yields seen little changed, focus shifts to domestic triggers (23-09-2024)
The benchmark 10-year yield is likely to move between 6.75 per cent and 6.78 per cent on Monday
Buy Unlisted Shares (23-09-2024)
Total shares before IPO of NTPC Green Energy Ltd is 750 Cr of ₹10 each.
This site quotes each share at 500 giving the valuation of 375000 Cr before dilution in IPO which is absurd as NTPC is itself valued at 411000 Cr.
Positive Breakout: These 7 stocks cross above their 200 DMAs (23-09-2024)
The 200-day DMA is a key indicator used by traders to determine the overall trend of a particular stock.
52 week highs and all time highs strategy (23-09-2024)
HBL Power chart update.
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Daily chart attached shows a breakout from a triangular consolidation that took place between 376 to 612 from Dec 2023 to July 2024.
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Post this breakout, stock went on to hit a fresh ATH of 724.
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Stock again went into corrective phase and went down and tested the 10 WEMA at around 590-600, which also happened to be the region of previous ATH of 612.
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Going forward I have tried to plot a rising channel to see if the stock price follows this channel. We same some similar channeled moves in Shaily, Wockhardt etc and examples of such channeled moves were posted by @dhruvpatel
Disc: invested. not a recommendation to buy/sell.
RIL: Is the ‘Reliance” on ‘Jio’ Justified? (23-09-2024)
But recently Reliance demerged Jio financial. They didn’t go the IPO route. So there’s still hope.
Matrimony.com forays into grey-collar jobs market (23-09-2024)
Matrimony.com said that it has plans to launch new line of business in the area of Jobs called “ManyJobs” to focus extensively on the grey-collar jobs market.