The market ended November 21 marginally lower, squandering a positive start as selling pressure during the day didn't allow the bulls to take charge of Dalal Street.The Nifty closed at 11,968.40, with a loss of 31 points or 0.26 percent. It formed a bearish candle after the Doji formation of a day earlier, failing to hold above 12,000-mark.The repeated inability of the market to sustain above 12k level may be hinting at an impending weakness, which will be confirmed on a close below 11,896 levels, experts say.Close "A strong close above 12,038 shall negate the current bearish view by extending the strength towards 12,103 levels," said Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in. related news Technical View: Nifty forms Doji pattern, record high likely if index closes above 12K Technical View: Nifty forms bullish candle, but still in range; 11,973 crucial for major upside Technical View: Nifty forms small bearish … [Read more...] about Technical View: Nifty forms bearish candle; close below 11,896 confirms weakness
Part 4 of the Technical Analysis classroom tells you how to read candlestick charts and trendlines to understand the price data.Q. Like price to earnings multiple for fundamental analysis, is there any indicator that is most important in technical analysis?A. Indicators are additions on charts that provide extra information through mathematical calculations on price and volume.Close Since all the indicators are based on two basic things, the most important thing in technical analysis is the price and volume data. related news Futures Trade | A continuation breakout pattern in Divi's Labs Futures Trade | A breakout trade in Adani Enterprise Options trade | A high probability option strategy in BPCL Price and volume data helps you understand the trend and momentum of the stock or the commodity. Apart from the basic price and volume data, indicators like moving averages, RSI, Fibonacci retracements are important in technical analysisQ. What is a line chart? What is its … [Read more...] about Classroom | How to read candlestick chart and trendlines (Technical Analysis: Part 4)
Viswanath PillaMoneycontrol NewsThe Supreme Court on Thursday referred 344 fixed combination drugs, also called FDCs, to the government's Drugs Technical Advisory Board (DTAB) for a fresh review of their safety, efficacy and therapeutic justification before recommending an action.The recommendations of the DTAB or its expert sub-committee would have to be made to the Central Government within six months, after which the government will act further if and where necessary. The Supreme Court order gives temporary relief to pharmaceutical companies, but the possibility of a ban is still in the air.The apex Court also clarified that for the exercise of powers under Section 26 (A) of the Drugs and Cosmetics Act, the DTAB need not be mandatorily consulted by the Government in order to be convinced of reasons for banning a medicine. The court remarked that the Government could be justified in declaring a ban if it finds that the drug has been banned in other countries.Close The Delhi high … [Read more...] about SC asks govt expert body to review banned FDC drugs before taking further action
The recent sharp rally in paper stocks following the government's pledge to eliminate single-use plastic has made investors sit up and take note.Many are of the opinion that the government’s shun-plastic push has brightened the prospects of paper companies. But, analysts and industry watchers are less convinced with this rally.The government has pledged to eliminate single-use plastic by 2022. As per reports, a nationwide ban on single-use plastic, including bags, cups and straws, could come as early as on October 2, the 150th birth anniversary of Mahatma Gandhi.Close Since August 15, when Prime Minister Narendra Modi urged citizens to give up single-use plastic by October 2, 20 paper stocks have surged over 10 percent as of September 11 on BSE. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks to bet on Technical View: Nifty forms Doji pattern, record high likely if index closes above 12K Sensex hits a new high, 4 factors that could … [Read more...] about 20 paper stocks up 10% since Aug 15. Will it hold?
On August 15, 2014, in his first Independence Day speech from the Red Fort’s ramparts, Prime Minister Narendra Modi announced that the government would replace the Planning Commission with a new body.The announcement paved the way for bringing the curtains down on a 64-year old institution founded on the former Soviet Union's command-style development model.Modi did not name the institution, which he said will give a "new direction to lead the country based on creative thinking, public-private partnership, optimum utilisation of resources, utilisation of youth power of the nation, to promote the aspirations of state governments seeking development, to empower the state governments and to empower the federal structure".Close Four-and-a-half months later, the NITI (National Institution for Transforming India) Aayog was set up, setting the stage to for a creating the government’s go-to policy think tank, abandoning the earlier one-size-fits-all approach to contemporary … [Read more...] about Modinomics | NITI Aayog – the much needed upgrade to Planning Commission