Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The Reserve Bank of India’s decision to hike the repo rate by an expected 50 basis points on September 30 gave a much-needed boost to the market which had a bad week. The Nifty not only witnessed a V-shaped recovery after the policy announcement but also went on to reclaim 17,000 with some authority. But the week was off to a rocky start. On September 26, the market opened with a downside gap amid global weakness. As the day progressed, the Nifty tested the psychological level of 17,000. In the following session, markets had a positive start which eventually got sold into. Mid-week the Nifty slipped below 17,000 to enter the sub-16,800 territory. With the smart rally on September 30, the Nifty almost engulfed the entire week's traded down move and restricted the weekly losses tad above a … [Read more...] about Hot Stocks | Here is why you should bet on Granules India, DLF for short term
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Share to Twitter Share to Linkedin Key Takeaways Apple announced plans to slow production of iPhones, spooking investors. Sales of the new iPhone 14 are below expectations, especially in Europe and China. Even with revised expectations, Apple still had a record-high third quarter. Apple stock has been a favorite of investors for some time now. When Apple holds its Apple Events, it is trending news for days as both investors and avid customers of the Cupertino brand want to know what products the company will release next. Just because the stock is a favorite doesn't make it immune to pullbacks and price declines. Recently, Apple stock had a significant pullback. Here is what caused it and where investors can expect the stock to go. Apple stock in the news For years, Apple stock has consistently performed above expectations, and it looked like its stock price would never stumble. However, a late September 2022 decision to slow down plans … [Read more...] about Why Is Apple Stock Down Right Now?
Suzlon Energy founder Tulsi Tanti. “Tulsi Tanti was the face of not just Suzlon but also the entire wind energy sector in India. What happens now?” “Tanti bhai’s persistence brought Suzlon very close to the end of the tunnel where there was light. They need a push now but who will give that?” The sudden demise of Tulsi Tanti , founder and chairman, Suzlon Energy Ltd on October 1 saw tributes pouring in from the renewable energy professionals, entrepreneurs and even the prime minister. Soon questions followed on the fate of Suzlon Energy, which has had a checkered past dealing with huge debt time and again. Tanti led from the front and got Suzlon out of crisis every time. But what now? Sources said that the management and Tanti family is keen to make an announcement regarding the new chairman and managing director this week. “In my 38 years of experience, it is unprecedented that the chairman passes away in the middle of a fund raising,” said Arun Kejriwal, stock market … [Read more...] about Suzlon may announce new CMD this week ahead of rights issue: Sources
Share to Twitter Share to Linkedin Key takeaways Oil prices dropped negative at the height of the pandemic thanks to lockdowns. Oil companies were unprepared when lockdowns were removed and the government provided stimulus money to citizens. A handful of events, including the pandemic, a looming recession and the Russian-Ukraine war will influence oil prices going forward. Oil prices have been on a wild ride over the past two years. They have gone from dropping to negative amounts at the start of the pandemic to $160 per barrel earlier this year, and have now declined by half their value since their highs. Investors and consumers are wondering what is going on with oil prices and where prices will go from here. Keep reading to understand what has been influencing oil prices and where experts think they are headed next. Why did oil prices spike? The common economic principle of supply and demand is the most significant factor in why oil … [Read more...] about Ahead Of OPEC+ Meeting, What’s Going On With Oil Prices In Fall 2022?
Shubham Agarwal Respite or relief rally as it is popularly known is one such move that has its own characteristics and requires few modifications from our usual buying strategies so that we don’t get caught on the wrong foot while trading them and end up giving more than what could gain. We will look at 3 major characteristics of relief rallies and 3 simple modifications to adapt to the change in course taken by the relief rally. 1. Sharpness in the Move Always keep in mind that relief rallies are not our constructive bull markets hence the moves are never slow. Most of the time we are presented with a spike followed by a very fast move. Now, such fast moves are hard to catch and tough to chase. Close If we are halfway through (assuming), the move already in place will reduce our courage because remember we are still in a market that has been falling till now. So, need gets created for participating with the same confidence regardless of whatever stage of … [Read more...] about Trading respites tactfully with Options
Nifty closes the week on a negative note around 17,107 with a loss of around 1.32%. During the week, Nifty gyrated between 17,211 and 16,764. On the OI (Open Interest) front, long unwinding was witnessed in Nifty over the week gone by as there was a decrease in OI. On the other hand, Bank Nifty lost about 2% as it closed the week around 38,851. Its futures gyrated between 39,319 and 37,524, in the last week. Overall, Bank Nifty ended the week with a loss of about 791 points and witnessed long unwinding on OI front in the week gone by. Further diving into the Nifty's upcoming Weekly expiry, the index's immediate resistance stands at 17,200 levels where nearly 35.45 lakh shares is the open interest followed by vital resistance at 17,500 levels where 44.95 lakh shares is the open interest. Close On the lower side, immediate support level is at 17,000 where nearly 40 lakh shares is the PE options open interest followed by 16,700 where nearly 53 lakh share is the … [Read more...] about Deploy modified butterfly strategy in Nifty this week: Shubham Agarwal