Financial services, infra and auto stocks have witnessed an addition in open interest with strong rollovers. Considering the factors like significant Open Interest (OI) addition in most sectors, FII segment turning positive and market rollovers, Nifty is expected to remain positive for the next month as these indicate bullish sentiment. … [Read more...] about Sustainable rally in banking looks tough, but revival can be expected in near term: Gaurav Garg
SPDR ETF holdings have risen to 2013 highs. Gold has bounced back after taking support near $1,680/oz and is now consolidating near $1,750/oz level. While the overall sentiment is positive, the lack of any further escalation in US-china tensions or US protests could result in some profit-taking. … [Read more...] about Gold price today: Yellow metal hit a pause; deploy buy on dips for a target of 47,500
DeJoy, who The Washington Post calls a “major ally” of President Trump, said the move will allow the postal service to reduce costs and “capture new revenue.” However, critics point out that the USPS isn’t a for-profit business–its a service to the American people. And then there’s the impact from the resulting leadership changes, which Democrats fear could have dire consequences for workers, seniors, and voters. … [Read more...] about What’s happening with the USPS? Here’s the deal with its shakeup before the surge of mail-in ballots
But, a sustainable move above 11,350 is likely to result in a sharp upside breakout. The weekly timeframe chart of the Nifty is still positive and there is no formation of any significant reversal pattern at the highs.Hence, we are unlikely to see any major downward correction from the hurdle of 11,350 levels in the short term. The short-term uptrend status remains intact.A sustainable move above 11,350 could open more upside towards 11,550 in the near term. Having placed at the hurdle, the range movement (11,250-11,350) is expected to continue in the next session. Immediate support is placed at 11,200.Rohit Singre, Senior Technical Analyst at LKP Securities … [Read more...] about After The Bell: Tug of war between bulls & bears, what should investors do on Tuesday?