1/9 Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese has reached the Narendra Modi stadium in Ahmedabad and took a round of the massive sports arena on a golf car before the start of the fourth Test match between India and Australia. (AP photo) 2/9 Modi and Albanese handed over Test caps to […]
Day: June 16, 2023
Govt-owned WAPCOS scraps IPO plansGovt-owned WAPCOS scraps IPO plans
Public sector firm WAPCOS Ltd has decided to shelve its plan for an Initial Public Offering (IPO), through which the government was looking to divest shares. The maiden public issue was slated to be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India. However, the issue […]
Nifty breaches key support of 19563; expected to move towards 19303; Buy Berger Paints, sell Bharti AirtelNifty breaches key support of 19563; expected to move towards 19303; Buy Berger Paints, sell Bharti Airtel
By Subash Gangadharan On the daily chart, we can observe that Nifty has broken its recent support of 19,563 and also closed below the 20-day SMA. Momentum readings like the 14-day RSI too are in decline mode, which is a negative signal. We expect the Nifty to move towards its next supports of 19,361-19,303 in […]