Nifty50 fell for the fifth straight day on Thursday and formed a long bearish candle on the daily chart that engulfed the previous session’s candle. During the day, the 50-pack index could not hold its key support levels as it entered the oversold territory, as suggested by the 14-day relative strength index. While the trend … Read more
Markets are magnifying machines. On the way up, it is all about what can go right as they magnify the greener pastures. On the way down, projection of pitfalls takes the primacy, as the magnification shifts to the murkier side. Nature of the beast is such that it can never take a realistic or objective … Read more
A host of board meetings and corporate actions are scheduled for Thursday. At least five stocks will go ex-dividend today. While had announced an interim final dividend of Rs 70 per share, had announced an interim dividend of Rs 1.25. Three companies, namely (Rs 55 per share), (Rs 3 per share) and (Rs 2 per … Read more