What Next for Banknifty Stocks ?
On last trading session i.e. 12.nov.2021, Major components of Banknifty showed highest % of Deliverable. One can see Banknifty forming a Doji Star in the last trading session, on Daily…
Will US Fed hike rates next year, forced by 30 yrs High Inflation.
At 6.2% in October, the US economy recorded the highest inflation rate in the last 30 yrs. Energy and Food prices recorded a growth of 30% and 5.3% respectively. Not…
The Most Subscribed IPO of 2021 in India so far !
Latent View Analytics’ Rs 600 crore IPO, which is India’s most subscribed IPO so far in 2021, received record high subscription at 326.5 times. The 2nd most subscribed issue was-…
Daily Charts:- GLENMARK-Bullish Engulfing
Indication:- Bullish Reversal Reliability:- High to Medium Illustration:- A black body is formed on the first day reflecting the downtrend, then A long white body occurs on the second day…
After GE & Toshiba, J&J plans to split its business into two companies
US pharmaceutical giant Johnson and Johnson on Friday announced plans to breakup into two companies, Separating its Consumer health arm from its pharmaceutical division. GE and Toshiba announced their plans…
Zomato, IRCTC to find place in MSCI India Index; 2 other stocks to be removed
Global index services provider- MSCI is going to add as many as 7 stocks- Zomato, IRCTC, SRF, Tata power, Mindtree, Mphasis & Godrej Cons. to its standard index as part…
Daily Charts:- BRITANNIA- Bullish Harami
Indication:- Bullish Reversal Reliability:- Medium to High Illustration:- A long black candle appearing on the first day reflecting the downtrend, A short white candle on the second day whose body…
Market bulls rejoice as bears hammered by short squeeze
Domestic indices (Nifty50 , Banknifty) ended with sharp gains on Friday as traders holding bearish positions in the market were forced to cover those short positions amid optimism for foreign…
Paytm’s mega IPO to create 350 new crorepatis in India
About 350 current and ex-employees will each have a net worth of at least 1 crore Indian rupees after Paytm’s Rs 18,300 crore IPO. Founder Vijay Shekhar Sharma will sell…
Daily Charts:- HDFCBANK- Bullish Hammer
Indication:- Bullish Reversal Reliability:- Low to Medium Illustration:- During a downtrend, there is a sell off after the candle starts. However, the candle closes at or near its high.This signifies…