AUD/USD 4-hour chart
The AUD/USD on the 4-hour chart, pair has been confronting solid resistance at the constantly falling trend line from Wednesday’s high around 0.7600 marks.
The bears might then capture the horizontal support levels of 0.7465 and 0.7445. The AUD/USD bears will then hunt upon on 0.7409 falls on Friday. However it may reverse the current trend and move north if the price breaks the bearish slope line.
The critical psychological level of 0.7500 would be the first priority for bulls in line.
There is marked 0.7520 horizontal resistance level that would then be followed by the 0.7535 high of Wednesday.
(Source: FXSTREET)
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Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
A purchase request to the brokerage is known as a pre-booking. Sridhar added that on the day the offer goes live on the exchange, the brokerage will buy allotments on behalf of all the requests it has received from investors.
“Because we won’t be collecting money during the pre-order, it’s not the same as booking a slot ahead of market hours,” he explained, adding that depending on the size, demand, and premium of the IPO, a request made through the feature may or may not turn into an allocation.
Investors will have to clear a payment request on their Unified Payments Interface (UPI) app within 24 hours of receiving an allocation using the new functionality.
Over the last few months, there has been a boom in interest in IPOs, and we have observed examples where customers have been unable to apply due to difficulties such as tight timelines during market hours and demand-driven processing delays in the markets.
For the forthcoming Zomato IPO on July 14-16, the functionality will first be available on the Paytm Money app.
Company Profile
Paytm is an Indian digital payment system and financial technology company, based in Noida. Paytm is currently available in 11 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code.
(Source: The Economics Time)
General Advice Warning
Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
A sharp drop from monthly highs 1% recovered, putting it in a great position to start the week optimistic, boosting commodity-linked currencies.
“The scenario is also likely to dampen interest in both business and pleasure travel to other Australian states, given the potential of becoming trapped is quite real.”
From a daily standpoint, the price is at a fork in the road. A break of support, given the bearish tendency, would be likely to result in a negative extension.
(Source: FX Street)
General Advice Warning
Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
People have opposing viewpoints. Despite its losses, some believe that a tech-enabled corporation should be valued differently than a typical company. Some see the IPO as a way for venture capital and private equity investors to unload their risk to retail investors, while others anticipate Indian food tech businesses will match international peers like DoorDash’s valuations to a major extent.
Zomato’s IPO will take place from July 14 to July 16, with a price range of Rs 72-76.
Zomato’s IPO will take place from July 14 to July 16, with a price range of Rs 72-76. The increased offer size is estimated to be around Rs 9,375 crore. Zomato’s IPO valuation, at around Rs 60,000 crore, is roughly equal to the market value of all of the other quick service restaurants (QSRs) listed on Indian stock exchanges. It is also worth as much as the combined market value of all of the country’s listed hospitality chains. This second category includes behemoths such as Indian Hotels, which operates the world-famous Taj hotel brand in India and overseas and also Oberoi Hotels.
In India, there are around 20 listed hospitality companies with a combined market capitalisation of Rs 44,000 crore and a half-dozen listed quick service restaurants with a combined market value of Rs 60,712 crore. After the coronavirus crisis, Jubilant (which operates a Domino’s Pizza India franchisee), Westlife (McDonald’s), and Indian Hotels (which runs the Qmin gourmet food ordering app) all introduced contactless delivery services.
Jubilant Foods, which claims that over 90% of Domino’s deliveries are now related to internet orders, is the most valuable QSR stock at Rs 41,007 crore, while Indian Hotels (Taj) is the most valuable hospitality firm at Rs 17,589 crore. According to Indian Hotels chairman N Chandrasekaran, who spoke at the company’s annual shareholder meeting last month, Qmin, which Taj debuted last July, is expanding its reach to 25 cities from 16 cities.
Source: economictimes.indiatimes
General Advice Warning
Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
According to market experts, Zomato’s IPO is likely to go through and may even list at a premium to the issue price due to interest from long-term institutional investors, but profitability concerns and the size of the offering are likely to keep subscription numbers in check.
According to brokers, the stock’s grey market premium has reduced to 10-11 per share over its IPO price band of 72-76 per share, down from 15-16 a few days ago.
Arun Kejriwal comments, founder, Kris Research.
The premium has dropped since the offer may not be subscribed as many times as expected, and if the Tatva Chintan Pharma IPO is set for next week, it is probable that market funds would be redirected to that IPO rather than only Zomato. In the funding market, the cost of per share is currently $6 plus the issue price, and in the grey market, it can be sold for $10-$11 per share, which is the grey market premium. People are making $4 per share in the grey market by selling their stock.
According to market sources, Tatva Chintan, which is expected to collect approximately 475 crore in the IPO, could go public this week. In the grey market, Tatva Chintan’s shares are trading at a 600 percent premium.
About Zomoto
Customers, restaurant partners, and delivery partners are all connected through our technological platform, which serves their various demands. Customers use our platform to find and book restaurants, read and write customer reviews, see and upload images, order food delivery, book a table, and pay for their meals when dining out. We, on the other hand, equip restaurant partners with industry-specific marketing tools that allows interaction and gain customers in order to develop their business while simultaneously providing a dependable and effective last-mile delivery service.
Source : economictimes.indiatimes
General Advice Warning
Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.
The 0.75 handle has previously served as resistance, so it’s highly possible that we’ll have to work a little to get beyond it. On the downside, we had broken through the 0.75 handle.
If we break below this weekly candlestick, we’ll almost certainly aim for the 0.75 level below, and look closely at the weekly chart, you can see the big head and shoulders pattern that just broke down.
(Source: The Economics Times)
General Advice Warning
Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.