Skip to main content

Quick Guide to Select the Custom Presentation Boxes’ Design

SGX Nifty Indicates Positive Opening; Amber Enterprises to Issue QIP at a Floor Price of Rs 1,798.7 Per Share

Global stock markets: Nikkei, +0.6%; Hang Seng, +0.3%; KOSPI, +0.7%

Yesterday, Nifty opened with moderate gains but dropped more than 100 points in the first hour itself. It traded in a narrow range during the day. However, good buying in the last hour helped Nifty close 20bps higher. Volume was comparatively lower. One distribution day expired yesterday as 25 trading days have passed and the day of liquidation has become irrelevant.

On the sectoral front, only Nifty IT, FMCG, and Media closed higher. Nifty Realty closed 1% lower, while Nifty Bank, Financial Services, and Auto closed 0.2–0.5% lower. Out of 2,189 stocks traded, 754 advanced, 1,097 declined, and the rest remain unchanged.

The market status was recently changed to an Uptrend Under Pressure. We will be slightly cautious while initiating fresh long positions. We will change the status to a Downtrend if two or three more distribution days are added or if Nifty breaches its 50- and 200-DMA. On the flip side, the status will be shifted back to a Confirmed Uptrend if Nifty retakes the 11,795 level (high made during the recent rally).

Key News

Dr. Reddy's Laboratories has launched Fulvestrant injection in the U.S. market.

Parag Milk Foods reported Q1 FY21 results yesterday. Revenue from operations was down 30.8% y/y to Rs 435.6 crore. It reported a profit of Rs 3.2 crore, compared with a profit of Rs 27.5 crore for the same quarter last year.

Amber Enterprises India got its board’s approval yesterday to issue QIP at a floor price of Rs 1,798.72 per share.

O’Neil Market Condition Report

For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 54%; Rally Attempt, 8%; Uptrend Under Pressure, 30%; Downtrend, 8%.

For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 17%; Rally Attempt, 0%; Uptrend Under Pressure, 70%; Downtrend, 13%.

Buy Watchlist:

Bharti Airtel, Biocon (Nse), Balkrishna Industries, Sun Pharm.Industries, Multi Cmod.Ex.Of India, Indian Energy Exchange, Infosys, Tata Consultancy Svs., Escorts, and Aurobindo Pharma

Check out MarketSmith India for more.

Comments

Popular posts from this blog

American Diamond Necklace brings diamonds to every woman’s home

Diamonds are said to be a woman’s best friend and almost every woman, deep in her heart, desires diamond jewellery. Both diamonds and women are desirable for their beauty and their elegance. Nothing looks more elegant than a beautiful white diamond necklace around the slender neck of a woman. She creates sparks wherever she goes! However, although diamonds and women are made for each other, it is unfortunate that all women cannot afford to wear them because they are so expensive. Most women can admire them only from afar. For these women, the American Diamond has been created. The American diamond or Cubic Zirconia stone is manufactured in laboratory as an alternative to diamond. It looks the same and gives off the same sparkle but costs so much less. Just a fraction of the price of real diamond. Now, every woman can hope to fulfil her dream of wearing diamonds through these created American diamonds. She can finally wear a beautiful diamond necklace around her neck to show off to the

Quick Guide to Select the Custom Presentation Boxes’ Design

  Many of us find an issue when it comes to choosing the best quality of presentation boxes for a suitable product display. There are quite a few essential aspects that you need to consider when selecting the right  custom presentation boxes  to use for your product representation. We are right here to guide you about it! Here we have highlighted a few of the essential points for you. Let’s have a look below:  The first element is about the selection of the right size of  wholesale custom boxes . Hence, this is an essential element to consider by knowing about the dimension of your product. Always remember that for the small items, you should always look for the small packaging boxes.  The following essential element is about the style of the box packaging. Custom printed presentation boxes  are available in various types, ranging from the slotted half boxes or the overlap containers. Looking for  cheap custom boxes in  the transparent wind

A Guide about Eye Shadow Boxes

  Cosmetic corporations perpetually select new selling methods to form their item distinct from others. Whether or not you're a startup or wish to push your existing   eye shadow boxes  can assist you to build a powerful image within the market. These boxes are available at a wholesale rate to meet your eye shadow packaging necessities and convey you’re complete to fulfill customers’ expectations. The box is that the very first thing customers notice concerning your product. These boxes are a gift for your eye shadows in an unbelievable means. Purchase these innovative boxes to push your complete and charm to customers to require your product home. Add Style: These boxes are one of the leading wholesale products for manufacturers and providers. You’ll style your distinctive boxes or allow us to assist you to style your boxes and print them with the newest technology and techniques while not inflicting a burden on your pocket. Corporations are perpetually in search of surprisingly c