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.
“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.”
A surge in Covid-19 cases across China is clouding the near-term demand outlook, overshadowing optimism commodity consumption in the world’s top importer will eventually rebound.
The Chinese tech giant’s return to the group of biggest global companies also underscores the whipping US stocks have taken over the last year, primarily due to massive monetary tightening by the Federal Reserve.
According to Geojit , Barring coriander, other spices were up on NCDEX on Wednesday. Jeera futures pared initial losses and inched up on concerns over production.
Its trend is bullish but now RSI on the weekly time frame is at 80+ which indicates that the stock is in the overbought zone. As per the analysis, traders can book profits. And for fresh entry, one can adopt to buy support strategy where the support range is 290-300 levels. Targets are in the range of Rs 365 and 390 levels. Keep a stop loss at 240 on a closing basis.
The infra company will consider and approve unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2022.The company’s board meeting will be held to issue and allot 2,70,00,000 equity shares of the company on preferential basis to DBRL.