Rajesh PalviyaThe Nifty started the week on a flat note and remained consolidated within 11,700-11,480 levels indicating lack of strength on either side. It closed at 11,627 with a loss of 0.30 percent on a weekly basis.On the weekly chart, the index formed a small bearish candle with shadows on either side representing a short term breather before its upward rally. The index is moving in a higher top and higher bottom formation on the weekly chart indicating positive bias.Close The chart pattern suggests that if the Nifty crosses and sustains above 11,700 levels it would witness buying which would lead the index towards 11,820-11,900 levels.Rajesh PalviyaHead - Technical & Derivatives Research|Axis Securities Nifty formed Doji Candlestick on weekly chart; buy these 4 stocks with up to 11% returnsShort term moving average indicates positive trend to continue; pick these 4 stocks for up to 15% returnUse buy on dips strategy as medium term uptrend to continue in Nifty; bet on … [Read more...] about Technical indicators suggests further upside in market; pick these 4 stocks for double digit return
Rajesh PalviyaNifty started the week on a flat note and remained consolidate for most part of the week which led it close on subdued note. Nifty closed at 11,895 with a loss of 13 points on a weekly basis.On the weekly chart, the index has formed a "Doji" candlestick formation indicating indecisiveness among market participants regarding the direction. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias.Close Rajesh PalviyaHead - Technical & Derivatives Research|Axis Securities Short term moving average indicates positive trend to continue; pick these 4 stocks for up to 15% returnUse buy on dips strategy as medium term uptrend to continue in Nifty; bet on these 4 stocksTechnical indicators suggests further upside in market; pick these 4 stocks for double digit returnThe chart pattern suggests that if Nifty crosses and sustains above 11,980 level it would witness buying which would lead the index towards 12,050-12,150 levels. … [Read more...] about Nifty formed Doji Candlestick on weekly chart; buy these 4 stocks with up to 11% returns
Shantanu AwasthiElections are over and we have a decisive mandate in favour of the incumbent government. Investors have been waiting on the sidelines for long and now are pouring in monies in the equity market.Benchmark indices have hit all-time highs and the euphoria has just begun. But, the big question is, how do we position our portfolio?Close Going forward, returns in the market will be driven by earnings and the economy. Economy and earnings are likely to improve leading to more upside. related news Inverse Head & Shoulder Pattern suggests buying opportunity in Biocon Six of top-10 firms add Rs 2.4 lakh crore in m-cap; TCS leads charge Go with 'covered put' weekly strategy in Bank Nifty using 'Van Allen' points Policy stability and continuity will give more confidence to investors leading to increased domestic as well as foreign institutional (FII) flows.Karvy's India Wealth Report projected Sensex at 1 lakh by 2025. We reiterate that same thought at current levels … [Read more...] about Karvy’s Modi 2.0 portfolio: Midcaps see increased allocation; focus on infra & BFSI sectors
Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion that the Saudi crown prince had previously targeted, making it potentially the world's biggest IPO.Aramco said on November 17 it plans to sell 1.5 percent of its shares or about 3 billion shares, at an indicative price range of 30 riyals ($8.00) to 32 riyals, valuing the initial public offering (IPO), as much as 96 billion riyals ($25.60 billion) at the top end of the range.Aramco could just beat the record-breaking $25 billion raised by Chinese e-commerce giant Alibaba when it made its stock market debut in New York in 2014.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & … [Read more...] about Saudi Aramco IPO set to value company up to $1.7 trillion
Q: Dear Dan: The Snuggie is everywhere. WTF?– Shruggie advertisement advertisement Dear Shruggie, if you think you’re bewildered about the Snuggie, consider the Chinese people who make a living producing them. (“I make blanket-ponchos for Americans who are too lazy to put on a sweater.”) By the way, did you see the new Snuggie designs unveiled at Fashion Week? Zebra, leopard, tie-dye, camouflage, etc. (“I make blanket-ponchos for Americans who want to look like a zebra.”) There’s even a Snuggie Pub Crawl, which seems like the best idea of the bunch. Here’s a theory you didn’t ask for: Infomercials are great at presenting unexpected solutions to unarticulated needs. You’ve probably had a Snuggiesque experience–lying on the couch and reading a book on a cold day, and you wrap a blanket around you, but it gets frustrating because you can’t hold the book AND keep your shoulders bundled up at the same time. … [Read more...] about The Snuggie Is Everywhere. WTF?