NEW DELHI: Nifty on Thursday resumed its downturn after a brief rebound on the previous day. The index faced selling pressure around 12,150 level, as it eventually formed a bearish candle on the daily chart. The index struggled to get past its 50-day moving average for two sessions. But it formed a higher high and low on the daily chart and showed encouraging signs on the weekly charts that made analysts believe that the bias may remain positive for the index. For the day, the index closed at 12,080, down 45.05 points or 0.37 per cent. “Momentum shall pick up on the upside on any strong close above the 12,150 level. In such a scenario, Nifty may initially head towards its interim top at 12,246 level, whereas weakness shall re-emerge on any close below the 12,040 level,” said Mazhar Mohammad, of Chartviewindia.in. Mohammad said despite weak price action, a few of Nifty’s momentum oscillators turned positive on the lower time-frame charts, indicating a … [Read more...] about Tech View: Nifty50 forms bearish candle; but the bias stays positive
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Indiabulls Group stocks rallied up to 11 per cent on Thursday after reports that the government found no financial irregularity in the deals entered by its firms. Gautam Adani-led Adani Gas stole the show by soaring over 15 per cent in the last 15 minutes of trade after reports that the company received a clean chit on a show-cause notice served on it by the PNGRB (Petroleum and Natural Gas Regulatory Board) in November 2019. In the broader market, the benchmark indices remained under pressure ahead of a long weekend. BSE Sensex closed 152.88 points, or 0.37 per cent, down at 41,170, while Nifty fell 45.05 points, or 0.37 per cent, to 12,080. The market will be closed on Friday on account of Maha Shivratri. “Market remained lacklustre and settled marginally lower amid mixed cues. After a flat start, the benchmark managed to inch higher but selling pressure in the latter half not only trimmed the gains but also pushed the index into the red. In the absence of any major event or … [Read more...] about Market Movers: Indiabulls stocks rally; IRCTC, YES Bank all abuzz
I mean, who but a true maths bhakt would care about, say, the Fibonacci Sequence, in which each number is the sum of the two preceding numbers? In fact, there's even a journal devoted entirely to them. … [Read more...] about Who is Prasanta Pattanaik, Padma Shri?
The day after the Munich conference, he met Facebook CEO Mark Zuckerberg in Brussels for discussions that Zuckerberg told reporters were good and wide-ranging. But Breton was more terse in his comments, warning that Facebook needed to do more to fall into line with European demands on the regulation of online platforms. … [Read more...] about Europe wants to join the big league in data
There is concern about international companies, some of which have prior to the epidemic felt their supply chains threatened by international trade tensions, and the novel coronavirus may reinforce their risk-management sense to diversify their supply chains outside of China, Kuhn said. … [Read more...] about Interview: China’s economy to “snap back” once epidemic contained — Kuhn