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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

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

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