Vedanta: Short term Sideways

Vedanta’ daily trend is sideways. RSI for monthly, weekly, and daily are all indicating a sideways trend. Based on option chain analysis, the range is between 300 and 320. Let’s plan a trade around this.

Expect this Budget to be about fiscal prudence much more than policy issues: Anshul Saigal

“We remain quite positive on the BFSI space. We think this is a space where the forgotten, the less loved banks are going to give a significant upside in terms of multiple expansion. But the well researched larger banks are going to give compounding returns over the next two to three years. So overall, this is a good space to be in. Next year, NBFCs will also join the party.”