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
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Smart money | Chase stocks that show growth irrespective of long, mid or small-caps
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
Karvy case | Banks assess exposure to other brokerages: Report
In the wake of the Karvy Stock Broking case, banks are reviewing their exposure to brokerage firms, Mint reported. Lenders have written to brokerages, asking them to verify whether securities belong to them or the clients. Lenders are concerned that the secured loans could become unsecured, if backed by clients securities. Moneycontrol could not independently verify the report. Karvy has allegedly transferred clients’ securities worth Rs 2,800 crore illegally, forcing market regulator Securities and Exchange Board of India (SEBI) to ban them from taking new clients. “We are taking a relook at the documentation and other risk management measures required to ensure that the loan against pledged shares is not misused, like in the case of Karvy," a chief risk management officer of a private sector bank told Mint. Some banks are mulling reducing their exposure to smaller brokers by 10 percent, the proprietor of a mid-sized brokerage told the paper. The National Securities … [Read more...] about Karvy case | Banks assess exposure to other brokerages: Report
Shiv Sena-Congress-NCP’s MVA, on debut, beats BJP in Maharashtra village poll
The newly-formed Maharashtra Vikas Aghadi of Shiv Sena, Congress and NCP notched up its first poll win in the state with its sarpanch candidate defeating that of the BJP in Parli in Beed.The MVA came into being after the Sena broke its alliance with the BJP post Assembly results and joined hands with the Congress and NCP to form a government under Chief Minister Uddhav Thackeray.MVA candidate Ashrubai Kirawale defeated BJP's Ashabai Chopade in a poll held for the post of sarpanch in Sirsala village on Sunday, some 480 kilometres from here.Close Incidentally, Parli was the centre of a fierce Assembly fight between BJP's Pankaja Munde, then a minister in the Devendra Fadnavis government, and NCP's senior leader Dhananjay Munde. related news Explained | A week after coming to power, new government puts old projects on radar in Maharashtra Karnataka: Siddaramaiah resigns as Congress Legislative Party leader after bypoll performance Despite rallies addressed by bigwigs of the … [Read more...] about Shiv Sena-Congress-NCP’s MVA, on debut, beats BJP in Maharashtra village poll
AI disruption: Is robo-advisory a threat to financial planners?
From opening a bank account or buying an insurance policy to fighting cancer or even buying a pair of shoes, we are increasingly being helped or influenced by artificial intelligence (AI). In Mumbai, designers Falguni and Shane Peacock used AI to create their latest collection. In Bengaluru, a startup is using AI to improve detection of breast cancer and also make treatment cheaper. And in the Tata Motors plant in Pune, a robot is skilled enough to do 30 different tasks — that's artificial intelligence again.The world around is changing much faster than we can imagine, and this six-part series goes behind the scenes to understand how. Part I dealt with AI's impact on the auto sector, Part II on insurance segment, while Part III dealt with medical diagnostics. Today, we look at how artificial intelligence could be a threat to independent financial advisors.Robo-advisers are nothing but financial planning through artificial intelligence. … [Read more...] about AI disruption: Is robo-advisory a threat to financial planners?
