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CAMS IPO to open on Monday: All you need to know about the issue

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In CAMS IPO, the price band has been set at between  ₹ 1,229-1,230 per share The lot size of CAMS IPO is 12 The IPO of CAMS, which acts as a registrar and transfer agent (RTA) for mutual funds, opens on Monday and closes on September 23. The price band has been set at between  ₹ 1,229-1,230 per share and the company will raise  ₹ 2,242 crore at the upper end of the band. The lot size of CAMS IPO is 12 when means that investors have to apply for a minimum of 12 shares and in multiples thereof. CAMS IPO comes amid a jump IPO activity lately, and it is the biggest offering by size in the recent times. Here are 10 things to know about CAMS IPO: 1) CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions.                                                    2) The entire quantum of sha...
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Trade Setup for Monday: Top 15 things to know before Opening Bell

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Any upside bounce up to 11,350-11,400 could be a sell on rise opportunity in the market, Nagaraj Shetti of HDFC Securities said. The market snapped six-day losing streak and rebounded sharply to close above 11,000 on the Nifty with more than 2 percent gains on September 25, the first day of October series. The reports of likely stimulus package from government ahead of festive season lifted sentiment. The BSE Sensex surged 835.06 points or 2.28 percent to 37,388.66, driven by rally across sectors. The Nifty50 climbed 244.80 points or 2.27 percent to 11,050.30 and formed bullish candle on the daily charts, but lost 4 percent for the week and witnessed bearish candle formation on the weekly scale. "The larger up move as per the positive sequence of higher tops and bottoms has been broken recently and Nifty shifted into a downward corrective action by the way of lower tops and bottoms in the last couple of weeks. Hence, last Thursday's low of 10,790 could be considered as a new l...
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Trade Setup for Thursday

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The market on September 16 continued its uptrend for the second consecutive session with the Nifty reclaiming the 11,600 mark for the first time since August 28, backed by buying in almost all sectors. The BSE Sensex climbed 258.50 points to close at 39,302.85, while the Nifty50 rose 82.70 points to 11,604.50 and formed a bullish candle on the daily charts. "Nifty moved above the crucial overhead resistance around 11,580 and closed higher (previous opening downside gap of September 4 and the uptrend line, connecting previous rising lows). This action could bring hopes for bulls and one may expect Nifty to test the next upside levels of 11,795 in the near term (high of long bear candle of August 31)," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol. "After the formation of the Bearish Engulfing pattern on the daily and weekly chart, the Nifty has failed to show any significant decline in the last 8-10 sessions. Wednesday's attempt to m...
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