Sales of CVs were not shared by SIAM for August. Tata Motors, which is one of the top two CV makers in the country, has stopped sharing wholesale data even as its competition such as Mahindra & Mahindra, Ashok Leyland and VE Commercial Vehicles share the data freely. … [Read more...] about Car, SUV sales hit high gear in Aug; bikes, scooters scrape through
High or low
Gold steadied near a one-week high on Thursday as the dollar weakened, but the yellow metal traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank's monetary policy decision due later in the day. … [Read more...] about Gold at one-week high as weak dollar supports; ECB meet in focus
Hot Stocks | HDFC Life, HUL, ICICI Bank can give 12% return in short-term Coronavirus Essential podcast | Serum Institute pauses Oxford vaccine trials; Don't take coronavirus lightly, cautions PM Modi Future Wise podcast | All you need to know before opting to study abroad next year … [Read more...] about Taking Stock: RIL at record high; Sensex jumps 600 points, Nifty reclaims 11,400
Volumes are the key factor in determining the strength of a bull run and daily average trading volumes have been relatively low, which could be another hint that a correction is coming. Technically speaking, the index is looking at a near term resistance around 21500. Failure to breach this level could see a fall in the near term. Any breakout below 19700 levels could see it enter into the negative terrain. … [Read more...] about Dow Heading To More Record Highs?
On option front, maximum Put open interest witnessed at 11,000 followed by 10,500 strike, while maximum Call open interest was at 11,500 followed by 12,000 strike. Marginal Call writing was seen at 11,400 then 11,600 strike while Put writing was seen at 10,700 then 11,000 strike. … [Read more...] about Technical View: Nifty forms bearish candle, selling pressure likely if index breaks 11,250