Indian equity benchmarks logged strong gains on December 13 buoyed by positive global sentiment as hopes of an orderly Brexit grew stronger after a landslide election victory for British Prime Minister Boris Johnson.The Sensex settled 428 points or 1.05 percent, higher at 41,009.71 while the Nifty closed the day with a gain of 115 points or 0.96 percent, at 12,086.70.Close Mid-caps and Small-caps, too, witnessed decent gains but underperformed the benchmark Sensex. BSE Mid-cap closed 0.92 percent up and the Small-cap index settled 0.82 percent up. For the week, both Sensex and Nifty climbed 1.4 percent. related news ITDC jumps 9% on merger with Kumarakruppa Frontier Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win Among sectoral indices this week, the Nifty PSU Bank surged 4.5 percent, while the Nifty Metal and the Nifty Auto were up over 3 percent each. The Nifty … [Read more...] about Movers & Shakers: Top 10 stocks which gained or lost the most this week
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Rahul AgarwalIn its latest Monetary Policy Committee (MPC) meeting on December 5, the Reserve Bank of India kept key rates unchanged at 5.15 per cent (lowest in nine years, after five straight cuts with a cumulative 135 bps reduction this calendar year, to boost the country’s sagging economy.RBI retained its 'accommodative' policy stance, which suggests that this is a pause rather than an end to the loosening cycle, and it still has room for a rate cut. Core inflation, which excludes energy and food items, slid beyond a seven-year low of 3.47 per cent, which clearly indicates that there is hardly any demand for non-food items in the market.Close Usually, a rate cut helps revive economic growth as it allows retail customers to avail cheaper loans and works like a big booster for the large industrial sector, who will be able to avail bulk loans at lower interest rates. related news Reliance forms a base, recommend delta appreciating based … [Read more...] about Are the RBI’s repo rate cuts enough to reinforce GDP growth?
Shabbir KayyumiRSI stands for Relative Strength Index. It is a momentous oscillator used to identify trend reversal. RSI was invented by Welles Wilder Jr. The default look-back period for RSI is 14, however, this can be lowered to increase sensitivity or raised to decrease sensitivity. RSI calculates the strength of a stock trend and helps to predict their reversals.Close Why Buy ‘The Tinplate Company of India?Shabbir KayyumiHead of Technical & Derivative Research|Narnolia Financial Advisors RSI pullback in SBI suggests buying opportunity'Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns'Inverse Head & Shoulder Pattern suggests buying PNBThere are a lot of trading strategies using RSI; below mentioned is one of the most popular among the trading community which involves buying after completing retracement for higher movement; however the support of another momentum oscillator stochastic can give additional support.In last some … [Read more...] about RSI Pull Back in Tinplate suggests buying opportunity
Chhitij JainStrategy setup - Delta-based “Bull Call Spread”The market has reclaimed lost ground in the past two trading sessions after a mild correction and many stocks which were in strong uptrend have gone through a phase of consolidation, ready for the next leg of the rally.Close Chhitij JainHead of Derivatives|Rudra Shares & Stock Brokers Construct 'covered call in Ujjivan Financial' for getting benefit of USFB IPO listing in coming weekAfter massive bull run, SBI likely to trade sideways; choose short straddleGo with 'covered put' weekly strategy in Bank Nifty using 'Van Allen' pointsWe have selected Reliance Industries from the pack. After hitting the fresh all-time high, stock has formed a base and appearing to be ready for fresh up move again. Hence, we would recommend the delta appreciating based “Bull Call Spread” in the counter.As we have appropriate time left for the expiry, it will be prudent to go for Delta Based strategy to capture … [Read more...] about Reliance forms a base, recommend delta appreciating based “Bull Call Spread”