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Tech view: Nifty forms small bullish candle but bears are still in the game

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NEW DELHI: Nifty50 on Friday climbed for a third straight session and formed a small bullish candle on the daily chart. The index made higher high higher low formation for the second in a row, suggesting momentum was shifting in favour of the bulls.  That said, the tug of war with the bears is evenly balanced. Levels around 10,890 would be crucial for Nifty, a breach of which may intensify buying momentum.  “The index touched its 78.6 per cent retracement level and traded around it throughout the trading session. However, in the final hour, the index cooled off a bit. Bears are still in the game as they managed to defend the 78.6 per cent retracement mark,” said Gaurav Ratnaparkhi , Senior Technical Analyst at Sharekhan by BNP Paribas.  Ratnaparkhi feels the 10,764 level will be a crucial support level. “The scope for a correction towards 10,534 and beyond is likely if the index breaches the level. On the flipside, 10,985 will be a key resistance level to watch out for,” he
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Share market update: Nifty Private Bank index rises; RBL Bank up over 1%

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NEW DELHI: Shares of private sector banks were trading in the positive zone with the Nifty Private Bank index up 0.14 per cent at 15,188.20 around 02:54 pm on Thursday.  Shares of RBL Bank (up 1.49 per cent), Federal BankNSE 1.78 % (up 1.14 per cent) and IndusInd Bank (up 0.88 per cent) were trading higher .  South Indian Bank (up 0.33 per cent), ICICI Bank (up 0.22 per cent) and YES Bank (up 0.20 per cent) too were trading with gains.  Benchmark NSE Nifty50 index was up 62.50 points at 10,792.35 while the BSE Sensex was up 225.51 points at 35,875.45.  Among the 50 stocks in the Nifty index , 26 were trading in the green, while 23 were in the red.  Shares of YES Bank, Indian Oil Corp, Bank of Baroda, Infosys, Idea Cellular, SBI, Vedanta, RIL, BEL and ONGC were among the most traded shares on the National Stock Exchange.  For More Details, You Can Contact On:  HELPLINE NO: +91-9770099099 For Free Trial:  http://smartmoneyfs.com/ft/# For More Det
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'Oil prices should start to stabilise in first-half of 2019'

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Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019.  The Organization of the Petroleum Exporting Countries (Opec) and other large oil producers led by Russia agreed earlier this month to cut their combined crude output by 1.2 million barrels per day from January in order to stem the fall in oil prices.  "I think that during the first half, due to joint efforts, which were confirmed by the Opec and non-Opec countries this December, the situation will be more stable, more balanced," Novak said in an interview on Rossiya-24 TV.  Novak also said there were no proposals for an extraordinary meeting with Opec, and he attributed the fall in oil prices to macroeconomic factors .  "Those are the fundamental factors: the decrease of demand in winter and, of course, the macro economy as we've been witnessing a decline in global economic activity
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Gold prices flat ahead of Trump-Xi meet at G20 summit

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BENGALURU: Gold prices were flat early on Friday as the dollar steadied ahead of the G20 meet in Argentina this weekend, where US and Chinese leaders are scheduled to discuss trade matters after months of tensions.  Fundamentals  Spot gold was flat at $1,223.77 per ounce at 0126 GMT . Prices had hit a one-week high of $1,228.96 per ounce on Thursday.  US gold futures were down 0.2 per cent at $1,221.6 per ounce.  Palladium was up about 0.2 per cent at $1,183.20 per ounce after hitting a record high of $1,190 earlier in the session. The metal was on track to mark its best month since December 2017.  The dollar index , which measures the greenback against a basket of six major currencies, traded marginally higher at 96.79 on Friday.  Share markets ticked slightly lower in early Asian trade as investors looked to the G20 summit.  US President Donald Trump sent mixed signals on Thursday about the prospects for a trade deal with China, saying an agreeme
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सेंसेक्स टुडे | शेयर बाजार: मजबूत शुरुआत, यस बैंक 5% लुढ़का

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नई दिल्ली: घरेलू शेयर बाजारों में बुधवार को कारोबार की शुरुआत में तेजी दिखी. मजबूत वैश्विक संकेतों का बाजार के सेंटिमेंट पर अच्छा असर पड़ा. अमेरिका और चीन के बीच ट्रेड वॉर में कुछ नरमी की उम्मीद की जा रही है. ऐसा हुआ तो वैश्विक अर्थव्यवस्था पर इसका अच्छा असर पड़ेगा. अमेरिकी सरकार के आर्थिक सलाहकार लैरी कुडलॉ ने अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप और चीन के साथ राष्ट्रपति शी जिनपिंग के बीच इस हफ्ते के अंत में संभावित बातचीत की पुष्टि की है. दोनों की मुलाकात अर्जेंटीना में जी-20 सम्मेलन के दौरान हो रही है. निवेशकों को अमेरिकी केंद्रीय बैंक फेडरल रिजर्व के प्रमुख जेरोम पॉवेल के भाषण का भी इंतजार है. सुबह 9.30 बजे, बीएसई सेंसेक्स 160 अंक या 0.45 फीसदी की तेजी के साथ 35,672 पर कारोबार करते हुए नजर आया. वहीं, निफ्टी 50 इंडेक्स भी 32 अंक या 0.30 फीसदी की बढ़त के साथ 10,717 पर रिकॉर्ड किया गया.  मंगलवार को घरेलू शेयर बाजार तेजी के साथ बंद हुए थे. सोमवार को भी बाजार में अच्छी तेजी आई थी. उधर, अमेरिका में मंगलवार को डावो जोन्स ने 0.44 फीसदी की तेजी दिखाई, जबिक एसएंडपी 500 इंडेक्स 0.3
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Petrol price today: Petrol price cut to below Rs 80 in Mumbai; check latest rates in metros

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Petrol price today: Fuel prices continued to ease in the major metros, with one litre of petrol now being sold below Rs 80 in Mumbai. Petrol prices have been reduced to Rs 79.62 in Mumbai , a cut of 41 paise from yesterday’s prices. In case of national capital Delhi, one litre of petrol is now retailing at Rs 74.07, down by 42 paise from yesterday’s rates. In case of Kolkata, oil marketing firms have cut the petrol price to Rs 76.06. In Chennai, one litre of petrol can be bought for Rs 76.88. Fuel prices have been on a decline in the last 40 days on the back of easing global crude oil prices. The rates have fallen by Rs 8.76 in Delhi, Rs 8.46 in Mumbai, Rs 8.59 in Kolkata and Rs 9.22 in Chennai from all-time high levels on October 17th. Also read: Share market  LIVE u pdates: Sensex, Nifty start on tepid note; Infosys, Sun Pharma gain up to 2% Meanwhile , oil markets opened cautiously on Tuesday, with many traders reluctant to take on large new positions ahead of the
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Gold prices to trade higher today: Angel Commodities

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According to Angel Commodities ,Last week, spot gold prices increased by 0.43 percent to trade at $1226. However, gold prices touched a low of $1217 as dollar slipped on account of the uncertainty of pace of future rate hikes by US FED. Angel Commodities' report on Gold Last week, spot gold prices increased by 0.43 percent to trade at $1226. However, gold prices touched a low of $1217 as dollar slipped on account of the uncertainty of pace of future rate hikes by US FED. The recently announced core durable goods data and unemployment claims for the previous week reiterated the weakness in us dollar. Earlier during the week US FED comments on slowing down of the rate hike cycle dragged down the US dollar in turn pushing up the yellow metal. The yellow metal gained during the week on account of continued weakness in US dollar evident during the week. On MCX, gold prices decreased by 0.47 percent to cl ose at Rs. 30860. Outlook We expect gold prices to trade higher as
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