Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Nifty 50 May Futures (9,108)
The Sensex and Nifty started the session on positive note and continued to trade in the positive zone despite weak Asian markets. The Nikkei 225 has declined by 0.2 per cent to 20,552 and Hang Seng index has slumped 0.6 per cent to 24,249 in today's session. Both the Sensex and Nifty have gained 0.7 per cent each. Market breadth of the Nifty 50 index is biased towards advances. On the other hand, India VIX has tumbled 7 per cent to 33.3 levels. The Nifty mid-cap and Nifty small-cap indices have surged 1.4 per cent and 1.27 per cent respectively. All the sectroal indices are trading in the positive territory. Top gainers are Nifty PSU Bank and Nifty auto that have advanced 2.8 per cent and 2.5 per cent respectively.
The Nifty May month contract commenced the session almost on flat note at 9,068. Recording an intra-day low at 9,046 the contract resumed the up-move and surpassed the immediate resistance at 9,100. But, it started to witness selling pressure at higher levels, recording an intra-day high at 9,139 levels. The contract is range-bound between 9080 and 9,130. Traders should tread with caution as long as the contract is range-bound. Fresh short positions can be initiated with a stiff stop-loss on a fall below 9,080 levels. In that case, the contract can decline to 9,060 and then to 9,045 levels. A further fall below the second support can drag the contract down to 9,025 and 9,000 levels. Key resistances on a strong rally above 9,135 are at 9,150 and 9,175 levels.
Strategy: The contract is range-bound, tread with caution
Supports: 9080 and 9,060
Resistances: 9,135 and 9,150
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
Only half the Sensex stocks have bettered the index’s return in the last 10,000-point journey
High valuation and stiff competition from larger players are a dampener
Investors with a short-term perspective can buy The New India Assurance Company (NIACL) stock at current ...
₹1490 • HDFC Bank S1S2R1R2COMMENT 1475146015051520 Fresh short positions are recommended with a stiff ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
Regina King’s film ‘One Night in Miami’ turns the spotlight on four young men’s often conflicting ideas of ...
Each new year millions of people around the world resolve to change their lives for the better. These ...
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor