- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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