The Nifty, after an early trade uptick, largely remained rangebound with a negative bias for most of the session on November 18. HDFC Bank, Reliance Industries, TCS and Bajaj Finance pulled the market down.The index made several attempts to hold 11,900 but failed, forming a small bearish candle on the daily charts following the Gravestone Doji formation in the previous session.The bulls somehow managed to defend 13-day exponential moving average (11,852), which offered support to the index during corrections in this leg of upmove. Weakness can get accelerated once the bears decisively push the index below the said average, experts say.Close The Nifty opened higher at 11,915.15 and moved in a narrow range of 85 points. The index touched an intraday high of 11,946.20 in the early trade, but immediately wiped the gains to remain rangebound. It hit the day's low of 11,867.60 in the afternoon and closed 11 points lower at 11,884.50. related news Taking Stock: Sensex fails to hold … [Read more...] about Technical View: Nifty forms small bearish candle, but defends crucial 13-day EMA
Small investments in stock market
Bengaluru-based smallcase Technologies is paving the way for modern investors allowing them to choose from professionally tailored baskets of stocks that reflect an investing idea or strategy.Currently, seven brokers have a collaboration with the company and are offering this platform. They include Kotak Securities, HDFC Securities, 5paisa, Edelweiss, Zerodha and Axis Securities.How does smallcase work?Close smallcase account allows an investor to buy and sell tradable securities based on the predefined combinations. related news Delhi-NCR pollution: Ola and Microsoft to collect air quality data PFRDA studies proposal to allow pension fund managers to provide annuity services Xiaomi seeks incentives to boost exports, seeks clarity on proposed rules To use the platform, follow these steps:-Go to smallcase website and click on login. You have to use cedentials provided by your broker to login. However, if you use any other broker other than … [Read more...] about Explainer | What is smallcase and how to invest using the platform?
The Nifty50 which flirted with 12,000 levels earlier in the month of November soon got hit by selling pressure at higher levels as mixed global cues, and muted macro numbers weighed on investor sentiment.After giving a Golden Crossover on daily charts on 8 November, Nifty50 started consolidating in a narrow range. MACD gave a bearish crossover around 11 November which signifies consolidation or a small blip in the momentum.But, technical experts feel that the trend favours consolidation in the near term, but bulls should be able to push the index towards record highs in the next few weeks. The pause is healthy and investors who missed the rally could now get into the markets on every dip.Close “The markets ended almost unchanged amid volatility, in continuation of the prevailing consolidation phase that we are seeing in the market. Indications are in the favour of further consolidation and we expect the Nifty50 to hover within 11,700-12,100 range in the coming week,” Ajit … [Read more...] about It is a pause and not a reversal! Experts see Nifty at record highs in 2019
Mutual funds are one of the most preferred investment options these days. A mutual fund is an investment fund that is managed by a fund manager. The money invested by individual investors is pooled in to purchase different kinds of securities. The portfolio of securities is diverse and is tailored as per the investment goals of the investors. Mutual funds are considered to be a less risky investment option.On the basis of the subscription period, mutual funds can be classified into two categories – close-ended mutual fund and open-ended mutual fund. In a close-ended mutual fund, a fixed number of units are issued which are traded on the stock exchange. A closed-end fund functions like an exchange-traded fund. How does closed-end fund work?As per the guidelines of the securities market regulator SEBI, a mutual fund is launched through a New Fund Offer which can be open for a maximum of 30 days. The funds are then traded in the open market like shares. The price of the fund is … [Read more...] about Close-end funds: What is close-ended Mutual Fund and how it works