Morning Market Insight Report – 19 Apr 2021

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 0.42%, with Private and PSU banks losing 0.35% and 0.59%.

We expect intraday range could be 31,511 to 32,427 with sideways momentum & broader range could be expected between 31,203 to 32,738 zone for this week.

Nifty Intraday Outlook

In Friday’s trading session, Nifty closed almost flat, after trading range-bound.

We expect intraday range could be 14,402-14,817 with sideways momentum while broader range could be 14,256 to 14,969.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Morning Market Insight Report – 16 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty gained 1.07%, with PSU Banks losing 1.29% and Private Banks gaining 0.82%.

We expect intraday range could be 31,654 to 32,562 with sideways momentum & broader range could be expected between 31,342 to 32,869 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty traded highly volatile, after dipping in the first half, due to lockdown fears. However, it recovered at the end of the day and ended in green.

We expect intraday range could be 14,373-14,782 with sideways momentum while broader range could be 14,227 to 14,938.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Morning Market Insight Report – 15 Apr 2021

Bank Nifty Intraday Outlook

In Tuesday’s trading session, Bank Nifty gained 3.18%, with PSU and Private Banks gaining 4.49% and 3.25% respectively.

We expect intraday range could be 31,268 to 32,271 with sideways momentum & broader range could be expected between 30,959 to 32,583 zone for this week.

Nifty Intraday Outlook

In Tuesday’s trading session, Nifty witnessed a volatile trading session, ending the session in green.

We expect intraday range could be 14,299-14,704 with sideways momentum while broader range could be 14,141 to 14,857.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Bulls return to the Commodities market

In the previous week, bulls were seen returning to the Comex after weeks of directionless trading and mixed sentiments, with all base metals including Aluminum (2.5%), Copper (2.7%), Lead (1.4%) , Zinc (2.2%) and Iron ore (1.7%) ending in green and starting new possible uptrends. Precious metals, gold and silver were no exceptions and both experienced significant buying pressure.

Gold and Silver prices showed an up move as interest in investing in bullion as a hedge against inflation and possible correction in the equities markets continued to increase amongst investors. All eyes are currently on the US markets as Joe Biden has guaranteed increased expenditure on clean energy and electric vehicles under the new stimulus. This is set to further benefit the commodities prices as demand for base metals and bullion might increase. The dollar and US bond yields, however, managed to hold firm, keeping pressure on commodities.

Crude Oil prices continued with its sideways movement and remained range bound throughout the past week. The volatility is the result of a few factors like increased concerns related to renewed lockdowns in parts of the world to curd rising Covid-19 cases, OPEC+ extending output cuts to April 2021 and better-than expected economic forecast from Federal Reserve backed by vaccine drives. The prices are expected to remain choppy in the coming week however a bias might be on the downside owing to a higher supply and weakening demand concerns. 

For the current week, we expect gold and silver to trade in sideways and remain range bound throughout the week. Investors are advised to closely track the USD-INR rates as a correction in dollar can act in the favour of bullion prices and might lead to a new uptrend. Weakness in the Indian markets and a selloff is also set to be positive for the prices. However, increasing US Bond yields due to strong economic data and rising inflation can dampen this new found momentum in the commodities market.

For the week, we expect gold in COMEX market to be in the range of $1696 to $1,823, while silver is expected to be in the range of $24.1 to $25.9. Whereas, for bullion market traders, we assume gold futures to trade in the range of 45,738 to 47,982.

Page8, NavGujarat Samay, 13th April’21

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Morning Market Insight Report – 13 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 5.10%, with PSU and Private Banks losing 9.26% and 5.23% respectively.

We expect intraday range could be 30,239 to 31,192 with sideways momentum & broader range could be expected between 29,888 to 31,503 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty lost more than 500 points, due to rising bond yields, rising dollar and  covid concerns.

We expect intraday range could be 14,058-14,511 with sideways momentum while broader range could be 13,883 to 14,667.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

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START-UP SYNERGIES

Square Yards acquires virtual platform PropVR

Gurgaon based Real Estate Brokerage firm Square Yards, Founded in 2013 has acquired Chennai based PropVR, an AI-based platform specialising in creating digital property experiences using 3D technologies, virtual reality and augmented reality (VR and AR).

Square Yards is India’s largest integrated platform for Real Estate & Mortgages and one of the fastest growing Proptech platform in UAE, Rest of Middle East, Australia & Canada. Having footprints in 13 cities in India and 12 Countries across the globe. The deal marks Square Yards’ third acquisition in recent times. Last year, it acquired Azuro, a rentals and property management platform. Recently, it bought PropsAMC, a platform focused on data intelligence, asset management and real estate services.

CashRich Acquires WealthApp

Thane-based CashRich, founded in 2016 a financial-technology firm focused on the wealth segment, has acquired the mutual fund distributions business of WealthApp in an all-cash deal.

CashRich is an app where individuals can invest in mutual funds and buy insurance products easily. The acquisition will help CashRich strengthen its position as a prominent investment platform in the country.

CashRich says it also raised an undisclosed amount in equity funding from three United Kingdom-based investors to finance this acquisition. Following this, CashRich says its user base will reach two lakh, with the assets managed by WealthApp’s mutual funds segment being merged with its own.  It is also exploring more acquisition opportunities.

Twilio acquires NEA-backed communications platform provider ValueFirst (International Deal)

San Francisco-Headquartered cloud communication firm Twilio has acquired Gurugram based ValueFirst, one of India’s leading Communications Platform as a Service (CPaaS) player. The acquisition comes nearly a year after Twilio began operations in India.

Twilio has democratized communications channels like voice, text, chat, video, and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications. Twilio has presence in 18 countries across the globe. ValueFirst had also bought several companies prior to its own acquisition. Some of these include Octane Marketing, Rocket Science Technology, clk2c.com, and Gingersoft Media.

Last fiscal year, ValueFirst processed over 42 billion SMS messages and was one of India’s largest messaging aggregators and CPaaS players. Twilio aims to benefit from ValueFirst’s customers, market know-how and product offerings, to further scale their operations in India.

Aavishkaar Group advisory arm Intellecap acquires NR Management Consultants

Mumbai Based Intellecap, founded in 2015 the advisory arm of impact-focused Aavishkaar Group, has fully acquired NR Management Consultants India (NRMC).

Intellecap is the advisory arm of The Aavishkaar Group, which works to build businesses that can benefit the underserved segments across Asia and Africa. It has global recognition and having 29 offices across the globe. 

Delhi Based, NRMC is research-focused and possesses an understanding of natural resources and rural development in India and Southeast Asia.

The acquisition will help it drive more capital to natural resource-driven carbon sequestration solutions, with a focus on mitigating climate change.

Aavishkaar Group Apart from Intellecap has other group entities which includes Aavishkaar Capital, Arohan, IntelleGrow, Tribe, and Sankalp. Investors in Aavishkaar Group include Shell Foundation, Triodos Bank, TIAA-Nuveen, and Dutch development bank FMO.

VerSe Innovation (Dailyhunt) buys Vebbler to boost short-video app Josh

VerSe Innovation, based in Bengaluru which runs news aggregating platform DailyHunt and short-video application Josh India, has acquired Vebbler, a community-focused photo and video sharing application.

VerSe Innovation is a local language technology platform. Its platform Josh & Dailyhunt is the best platform to reach millions of consumers of regional language content. Josh is India’s fastest growing short video app. The platform of choice for the top creators.

Vebbler is a print-on-demand platform that enables people to easily personalize and print their photos onto photobooks, frames, magnets, canvases, posters and more.

The combination of Vebbler’s product capabilities and Josh platform will improve ability to drive innovation around camera and social engagement, and play a more meaningful role in capturing the mindshare, timeshare, and revenue share of Bharat’s local language users.

Homegrown app Josh has raised over $200 million so far from investors such as Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, and Glade Brook Capital Partners. Google, Microsoft and AlphaWave have also backed the firm.

Vidal Health Insurance acquires Vipul MedCorp

Bangalore Based Vidal Health Insurance Services had acquired the Gurgaon Based Vipul MedCorp. This is the first such deal in the third-party administrator (TPA) space.

Vidal Health Insurance TPA Pvt Ltd was established in March 2002 with the mission to provide top quality TPA services to Health Insurance policyholders and be the most preferred TPA in India. They are licensed by IRDA (Insurance Regulatory & Development Authority – License No. 016) and have been empanelled by leading insurance companies, both public sector and private, across different regions of the country. Vidal Health’s provider network partnerships extend to Asia, Europe and North America.

Vipul MedCorp Insurance TPA Private Limited, a company promoted by Vipul group is engaged in the managed healthcare facilitation & has obtained a license from IRDA for TPA activities.

The combined revenue of both companies will exceed Rs 200 crore after the acquisition is complete. The merged entity of Vipul Medcorp with Vidal Health will make it the second largest third-party administrator in the Indian insurance sector. After the merger, Vidal Health will have an equal share of government business, corporate business and retail business in health insurance.

Along with this acquisition, Vidal Healthcare Services (VHC), the parent entity of Vidal Health has also acquired a group company of Vipul Medicorp, Vipul Medcare.

Marketplace ClickIndia.com has bought software-as-a-service (SaaS) Startup Directly.live

Directly.live is a provider of software-as-a-service (SaaS) based in India set up by IIT-Delhi student Mayank Dubey that helps schedule meetings. Individuals and companies can integrate its platform into their systems and connect with customers or audiences through one-on-one video calls.

ClickIndia, a classified ad posting site, providing an easy way to search, buy or sell, to exchange, to interact for common interests.

ClickIndia said the acquisition will boost user experience as well as help its customers close deals. The company, operated by ClickIndia Infomedia Pvt Ltd, was set up in 2007 and operates as a classifieds platform.

As per ClickIndia, the acquisition will boost the user experience as well as help its customers close deals.

FarEye acqui-hires logistics startup PY Technology

Delhi-based RoboticWares, which owns and operates SaaS logistics platform FarEye, has acqui-hired logistics technology startup PY Technology.

Acqui-hire refers to a sale that is focused on employee talent, rather than the company’s services or products. The deal will help FarEye strengthen its solution engineering execution to increase value for customers and build an internal incubation cell, according to a statement.

Previously known as PRTouch, PY Technology was founded by Jignesh Vasani in 2012. It develops enterprise resource planning (ERP) solutions for the logistic industry. The Mumbai-based startup offers end-to-end logistic technological solution, a cloud-based platform, warehouse management and a tracking transport system. Post deal, Vasani will join FarEye as vice president of professional services.

The synergy is aiming to drive innovation in the industry by solving the complex challenges that cost the supply chain and logistics industry trillions of dollars globally.

Founded by Nahata, Gautam Kumar and Gaurav Srivastava in 2013, FarEye is a SaaS-based logistics management platform that digitises the way enterprises dispatch, execute, track and optimise the movement of goods. The platform leverages data capabilities to predict the journey and improve delivery experience for a range of business sectors including B2B brands in food, grocery, furniture, pharmacy and carriers. The solution is used by more than 150 customers, including companies such as DHL, Walmart, Amway, Domino’s and Hilti, across 30 countries.

Disclaimer

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Morning Market Insight Report – 12 Apr 2021

Bank Nifty Intraday Outlook

In Friday’s trading session, Bank Nifty lost 1.02%, with PSU Banks gaining 2.09% and Private Banks losing 0.92%.

We expect intraday range could be 31,973 to 32,898 with sideways momentum & broader range could be expected between 31,681 to 33,209 zone for this week.

Nifty Intraday Outlook

In Friday’s trading session, Nifty lost its 3-day winning streak and ended in red due to increasing record breaking numbers of corona cases.

We expect intraday range could be 14,628-15,034 with sideways momentum while broader range could be 14,477 to 15,183.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

Results Calendar

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Markets Remained Range-bound; Buying Pressure in Mid-Small Cap

During the previous week, both the benchmark indices, Nifty and Sensex witnessed a highly volatile session, ending the weekly session in red. Nifty and Sensex traded in the range of 14,459 and 14,882, and 48,580 and 50,092 respectively. During the week, bulls tried to take control of the market, but failed to do so.

The equity markets witnessed a weakened investor sentiments due to continuation in rising COVID-19 cases throughout the world, and especially due to a higher pace of rise in the number of cases in India. Stringent lockdown rules have been announced by the state governments, whereas, lockdown period has been extended for the states which were already experiencing lockdown and night curfew. This has weakened the investors’ sentiments.

However, the investor sentiments were boosted on Wednesday, after the announcement of RBI Policy, where the bank rates have been kept unchanged, as a remedy to revive the economy of the country by the way of liquidity infusion. The MPC committee has been keeping the rates unchanged since past 5 meetings. Bank Nifty welcomed the Policy outcome with open arms.

As far as sectoral indices are concerned, Nifty IT, Nifty Metal and Nifty Pharma stocks ended in green during the week, gaining more than 2% each, whereas, all the other sectoral indices ended the week in red. Nifty Private Bank, Nifty PSU Bank, Nifty Media and Nifty Financial Services were the worst performers of the week, losing more than 2% each.

For the upcoming week, the equity markets are expected to react on the new lockdown rules announced by the government and the change in number of COVID-19 cases. If the cases do not subside, the rules might get more stringent and have a negative effect on the equity market. Technically, for Nifty, 14,880 will be a critical level for the week. It should sustain above that level to confirm its bullish trend. On the upper side, it might see 15,300 levels. If it falls below 14,880, we might see it falling to 14,389.

Page 8, NavGujarat Samay, 9th April’21

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Morning Market Insight Report – 9 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty lost 0.63%, with PSU and Private Banks losing 0.85% and 0.63% respectively.

We expect intraday range could be 32,321 to 33,239 with sideways momentum & broader range could be expected between 32,041 to 33,547 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty traded volatile, due to COVID-19 fears and after the US dollar increased tremendously.

We expect intraday range could be 14,666-15,073 with sideways momentum while broader range could be 14,513 to 15,229.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

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Morning Market Insight Report – 8 Apr 2021

Bank Nifty Intraday Outlook

In yesterday’s trading session, Bank Nifty gained 1.51%, with PSU and Private Banks losing 1.95% and 1.53% respectively.

We expect intraday range could be 32,538 to 33,441 with sideways momentum & broader range could be expected between 32,229 to 33,753 zone for this week.

Nifty Intraday Outlook

In yesterday’s trading session, Nifty traded volatile, after the announcement of RBI policy.

We expect intraday range could be 14,603-15,109 with sideways momentum while broader range could be 14,467 to 15,172.

Short and Long term moving averages

Daily market statistics

Major global & domestic economic events

#beelinebroking #morningbreakfast #stockmarket #stocks #investing #trading #money #investment #finance #trader #stock #sharemarket #daytrader #nifty #sensex #nse

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