Past relationship

Shabbir KayyumiRSI stands for Relative Strength Index. It is a momentum oscillator used to identify trend reversal. RSI was invented by Welles Wilder Junior. The default look-back period for RSI is 14, however, this can be lowered to increase sensitivity and vice versa. RSI calculates strength of stock trend and helps to predict their reversals.Why to Buy State Bank of India (SBIN)?Close There 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.Shabbir KayyumiHead of Technical & Derivative Research|Narnolia Financial Advisors 'Nifty may move towards 12,200 in coming days; bet on these 3 stocks for double-digit returns'Inverse Head & Shoulder Pattern suggests buying PNBWith bullish bias to continue in medium term, bet on these 3 stocks for 15-18% returnIn … [Read more...] about RSI pullback in SBI suggests buying opportunity

Rajesh PalviyaThe Nifty had a flat start to the week ended December 6, but profit booking at higher levels led the index to close at lowest point of the week. The Nifty closed at 11,922, with a loss of 135 points on a weekly basis.On the weekly chart, the index formed a long bearish candle, forming a lower high-low compared to the previous week and closed below its low indicating weakness at current levels.For the past four-five weeks, the index is consolidating within 12,150-11.850 levels, indicating a short-term consolidation. Hence, any either side breakout will indicate further direction. The chart pattern suggests that if the Nifty breaks and sustains below 11,850, it will witness selling, which will lead the index towards 11,750-11,680. If the index, however, go above 12,100, it will witness buying, which will take the index towards 12,160-12,250.Close The Nifty is trading below the 20-day simple moving average (SMA), an important short-term moving average, indicating negative … [Read more...] about ‘Bullish sentiments for Nifty, Bank Nifty in medium to long term’

General investors cannot time the markets and we hence suggest looking at the markets from a long-term investment horizon and investing in a staggered manner, Pankaj Bobade, Head of Fundamental Research, Axis Securities tells Moneycontrol's Kshitij Anand in an interview.Q. What is your assessment of the September quarter earnings season? If you had to describe it in one word –what would that be? And, what were the highlights?A. The Q2FY20 results season has been a ‘mixed bag’. Given the slowdown in economic growth, one should see the results season sector by sector.The volumes in the FMCG sector were slightly better than expected especially on the back of the high base and the pain in the rural segment.Discretionary consumption plays were a mixed bag with paints and quick service restaurants (QSR) segment reporting better than expected growth. Though the near-term consumer demand is likely to be subdued, improving monsoon offers a ray of hope to invigorate demand … [Read more...] about Smart money | Chase stocks that show growth irrespective of long, mid or small-caps

Salary delays are the biggest reason for loan defaults by individual borrowers, followed by business downturns, says a survey.The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low, and banks increasingly rely on retail loans to expand books as corporate credit demand is a far cry."The current slowdown is affecting debt recovery across the country," Paytm-backed financial technology firm Creditmate said in a report on Monday.Close The report, based on the analysis of 2 lakh loans from 40 banks across 30 states over the past six months, has found that salary delays are the major culprit for the delayed repayments in as much as 36 percent of the cases, followed by business downturns at 29 percent. related news Walmart launches training programme for MSMEs Exclusive | Bharti Airtel picks Axis Capital, JP Morgan, Citi as advisors for FY20's biggest QIP International airlines make a … [Read more...] about Salary delays, business downturns top reasons for loan defaults: Survey

Homegrown private equity firm CX Partners is evaluating options to sell part stake in leading casual dining chain Barbeque Nation which has recently revived its IPO plans, four sources with knowledge of the matter told Moneycontrol.CX Partners owns 21.72 percent stake in Barbeque Nation and entered the company in 2013 and made a second investment in 2015. The popular dining brand is also backed by Big Bull Rakesh Jhunjhunwala investment firm Alchemy Capital which holds a 2.07 percent stake. Listed hospitality firm Sayaji Hotels also holds a 45.7 percent stake in Barbeque Nation via a subsidiary."Currently, CX Partners is considering a part stake sale to one of its LP's (limited partners) or a private equity fund. It may also choose to exit completely during the proposed Barbeque Nation IPO. Discussions are fluid right now and it hasn’t finalized its plans as yet,” a source told Moneycontrol. A second source confirmed the same.Close A private equity firm is … [Read more...] about Exclusive | CX Partners open to part stake sale in IPO-bound Barbeque Nation