Tag: Buy Today Sell Tomorrow

27Sep

Nifty Outlook For Tomorrow By Epic Research

A bearish engulfing pattern with largest one day loss butchers the bulls as Nifty slides below all crucial moving averages it was holding from last December. A close below 9800 confirms that damage can be much sever in coming days as no breathing space is left for short term bulls.
A bearish engulfing pattern is seen which has engulfed the previous sessions some minor rebound while a close below 9800 is signalling more bearishness in market. On Immediate basis the support for market is seen at 9700 which in case holds may provide a short term relief coupled with  rollover data which is way weaker as compared to last few months with a day more to go. We see short term support for market coming at 9540 – 9600 which may give some meaningful pause. On higher side point of inflection is seen at 9800 – 9840.
As Far as OI data is  concerned we may see much weaker expiry this month which may set the bearish tone for October series.
We are cautious with sell on rise approach and any rise shall be used for the same. Some defensive play is observed in FMCG and Infosys but that may as well evaporate given the strength of bears on overall market.
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11Apr

eBay, Microsoft, Tencent, invests $1.4 billion in Flipkart

Flipkart gets $1.4 billion investment from eBay, Microsoft and Trencent

Ebay, Microsoft, Tencent cover up Flipkart by investing $1.4 billion. Flipkart seems ready to compete with the rival Amazon India. After this investment of $1.4 billion, the company gets one step closer to represent itself in front of investors and customers. Flipkart will also buy eBay’s India business as part of the deal. Funding round values are lower than it’s peak valuation of $15 billion.

Flipkart may get more capital from Softbank if Snapdeal’s sale goes down. Softbank is one of the biggest investors in Snapdeal. Flipkart is looking to buy lower rival Snapdeal.

The funding round gives a significant victory for Flipkart chief executive Kalyan Krishnamurthy. It also increases the pressure on Krishnamurthy to carry take Flipkart to the new level of success.

eBay Invests the amount of $500 million in Flipkart, rest coming from Tencent and Microsoft, a gaming internet and social networking firm.

Flipkart and Amazon are competing at the top of India’s $15 billion online retail markets. Given Flipkart’s recent comeback, the combat between these two can closely clash this year compared to last year.

 

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