Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Closing Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

NCDEX SUPPORT & RESISTANCE LEVEL

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900 Whatsapp

User Join Our Group: 9300421111

Nifty likely to touch 10,410-10,225 zone; 3 small-cap stocks for medium term

Initial euphoria fizzled out in last two trading sessions as Nifty faced heavy supply at 200-day moving average. Bears once again took the charge and Nifty closed at 10,526.75 with a weekly loss of 1.5 percent. Metal and technology stocks were under pressure which acted as a major component of fall.

Option chain is indicating that Nifty is likely to trade with negative bias in the coming week as Put writers at almost every strike price are covering their short positions. 10,500 put option lost 1.34 lakh contracts on Thursday and the unwinding was also seen at 10,600 strike price of 7.33 lakh contracts.

On the Call side, 10,500, 10,600 and 10,700 strike prices witnessed a substantial amount of fresh writing. The data suggest bulls look tired for the time being and support is getting weaker.

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Source:https://www.moneycontrol.com/news/business/markets/nifty-likely-to-touch-10410-10225-zone-3-small-cap-stocks-for-medium-term-3216641.html

Sensex trades flat, around 35,000; Nifty well below 10,550

Indian indices started the week on the higher note with Nifty is trading above 10,500 level.

HPCL, IOC, Bharti Airtel, Indiabulls Housing, Axis Bank, Maruti Suzuki, Zee Entertainment, IndusInd Bank are the major gainers on the indices.

Infosys, Tech Mahindra, Kotak Mahindra, Adani Ports are the losers.

Rupee Opens: The Indian rupee gained in the early trade on Monday. It opened higher by 21 paise at 70.46 per dollar versus 70.67 Thursday.


If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com

Call On TOLL FREE Number: 9009010900

Whatsapp User Join Our Group: 9300421111

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-trades-flat-around-35000-nifty-well-below-10550-3217731.html

Opening Bell

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Government does not need RBI funds yet, says Finance Minister Arun Jaitley

India does not need money from the Reserve Bank of India (RBI) in the next six months, the finance minister said in a TV interview telecast on November 23, rejecting opposition charges the government was seeking access to the bank's reserves to fund schemes ahead of the 2019 general election.

"I don't need money in the next six months," Finance Minister Arun Jaitley told a news channel.

Critics accuse the government of trying to undermine the central bank's authority, but Jaitley said his government respected the institution's independence.

"We respect the autonomy (of the RBI) but, at the same time, if some sectors are starved of liquidity or credit, we will flag those issues. We do so with the RBI."

The Congress, India's main opposition party, has accused Prime Minister Narendra Modi's government of eyeing the cash reserves held by the RBI.

"Government is determined to 'capture' RBI in order to gain control over the reserves," P. Chidambaram, a former finance minister and a top Congress leader tweeted last week.

New Delhi has been pushing for access to RBI's surplus reserves prompting the central bank's board to form an expert panel to look into whether its cash pool is adequate.

The board whose members include government nominees, in a meeting last week, advised the RBI to aid small businesses and give bankers more time to step up capital norms to encourage lending and stimulate the economy ahead of next year's election.

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

 Call On TOLL FREE Number: 9009010900

 Whatsapp User Join Our Group: 9300421111

Source: https://www.moneycontrol.com/news/business/government-does-not-need-rbi-funds-yet-says-finance-minister-arun-jaitley-3215441.html