We expect Nifty to continue within a broader range of 10,100-10,700 in the near future and either side decisive breakout would trigger the next directional move.
As long as Nifty holds below 10350 zones it could slip towards its crucial support of 10200 then swing low of 10138.
Short-covering is expected to limit the downward swing till expiry, and hence it will be advisable to remain cautious and remain stock specific
As long as the index trades below 10450-10480 zones it could slip towards its crucial support and recent swing low of 10200-10138 zones.
The company made two strategic investments that RIL made in Den Networks, Hathway Cable and Datacom.
In this weekend's playlist, we talk about the Sabarimala verdict, which opened a hornet's nest, the #MeToo movement, the Nobel prize, RBI's moves amid the liquidity crisis and the online shopping festivals.
Among largecaps, ITC, HUL, Kotak Mahindra Bank, HPCL, Wipro and Sun Pharma were top gainers, rising 1-2 percent.
The Nifty is likely to consolidate within the range of 10,700 and 10,200. A decisive breakout on either side will confirm the future trend.
The juxtaposition of the MeToo movement and the goings-on in Sabarimala could not be more Indian.
While Flipkart and Amazon kicked off their festive sales starting October 10, offline players are also gearing up to offer interesting deals for consumers.
Moneycontrol reported that the directive caused consternation among large technology players — Google, Amazon, Facebook etc. All these companies have built digital payment apps that are gaining in popularity among Indians.
Federal Bank (up 7.8 percent) and South Indian Bank (up 16 percent) were prominent gainers among banks after strong September quarter earnings.
9 companies will declare their results for the September quarter which include names like Federal Bank, Hero MotoCorp, Infosys, Mahindra CIE, Shakti Pumps etc. among others.
In today’s Moneycontrol podcast, we explore India’s brush with the #MeToo movement and its possibly far reaching impact on multiple industries and those who run them and work within them.
Investors tried to shrug off all the negativity that it has been undergoing for the past few weeks. There was some resilience to the global selloff observed during the last week.
The Washington Post observed that Romer and Nordhaus have advanced the conversation around how humanity cares for limited resources.
Here's a playlist of the best podcasts covering various events over the week.
Restricting imports is a part of the government’s five-point strategy to arrest the rupee’s slide.
The only saving grace is 10,200 rising trendline support zone on the weekly chart which the Nifty has just managed to hold above.
Nifty recovered from lows and reclaimed 10,200 levels but it failed to surpass 10,300-10,350 levels. Crucial resistance is placed at 10,350-10,400 and support is placed at 10,200 and 10,100.
The line between a welfare state and a surveillance state is not a fine one and one cannot pass for the other.
We expect the ongoing correction to mature in the coming 1-2 weeks around the major support area of 10,200.
On the downside, 10,016 shall be the target for the next leg down. On the flip side, if the bulls manage to surpass the hurdle zone of 10,480-10,500 on closing basis then there is scope for a deeper retracement.
Cause of concern for India is that if crude oil rise by just $1 per barrel India’s import bill will increase by Rs 10,700 crore.
The sales hosted during the festive period of October-November by the online majors every year. generate a majority of their annual sales. With the dates overlapping, this year the competition is going to be tougher.