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Nifty witnesses profit booking with fresh short built up at higher levels, declining momentum, and the deteriorating underlying trend strength. Though the overall trend remains intact on the upside, we believe it is time for some overdue price correction. The price structure of Nifty is forward an upward-sloping channel for which the range at present is 22,900 – 22,000. The prices are just a tad around its March ATH of 22,500. It would be interesting to see if its prices can sustain this level in the next one or two days and revert to upside momentum, or if we are in for further correction to lower levels of 22,240 – 22,100. The upside resistance for Nifty is at 22,900 – 22,850.

Despite the chaos, the Nifty 500 managed to pull off an impressive return of around 40.5%, which is pretty outstanding. The performance was even better for mid and smallcap indices. However, as a quant-powered stockbroker equipped with an intelligence layer of factor-based analysis, we wanted to delve deeper into the financial year gone by from a quantitative lens. Here's what we found.

Sankalp Patra, for the 2024 Lok Sabha elections in an event at its headquarters in New Delhi. Ranjan Singh, the head of BJP's manifesto committee, also spoke at the event, revealing how the team prepared the Sankalp Patra. Singh said the party prepared the manifesto after an extensive and comprehensive exercise. BJP received lakhs of suggestions online as well as through institutions and individuals. Rajnath Singh said they received 4 lakh inputs through the NAMO app, while about 10 lakh suggestions were received through videos. The BJP manifesto committee received 15 lakh such inputs.

The cryptocurrency market is currently strengthening, with indications that the next price rally is near. Experts are looking at a new crypto token, Algotech (ALGT), that is poised to surpass top altcoins, Cardano (ADA) and Tron (TRX).

Data usage per subscriber per month which stood at 21GB in December 2023, is likely to go up to 25-27GB in April-June, also factoring in previous months growth, an analyst estimated. But when it comes to revenue conversion, India’s number two telco Bharti Airtel is likely to pip rivals Reliance Jio and Vodafone Idea to record 2-3% growth, he added. “If you observe last year’s IPL season, Airtel was the only player to show a meaningful uptick in average revenue per user (ARPU), despite Jio recording larger data consumption,” said Rohan Dhamija, head, India and the Middle East, Analysys Mason.

Nifty formed a fresh lifetime high of 22775, but at the same time, it came off from those highs as well. The trading range also got narrower as the Nifty oscillated in a 271-point range. Volatility increased slightly; India Vix rose marginally by 1.72% to 11.53. The headline Index Nifty closed flat with a negligible weekly gain of 5.70 points (-0.03%). The previous week was a truncated one as Thursday was a trading holiday on account of Eid-ul-Fitr. The coming week is a truncated one as well with Wednesday being a holiday on account of Ram Navmi. Due to this Banknifty Options has its shortest expiry as they would expire as early as Tuesday. The level of 22775 creates a new intermediate top for the markets; over the coming days, no runaway upmove is expected so long as the Nifty stays below this point. At the same time, the nearest support for the index exists much below the current levels at 20-week MA which is placed at 21827. By and large, the markets are likely to stay in a broad trading range.

Punjab Kings (PBKS) gear up to take on the Rajasthan Royals (RR) in the 27th match of the IPL 2024 season. Scheduled to be held at the Maharaja Yadavindra Singh International Cricket Stadium in Mullanpur, this encounter promises an evening of thrilling cricket action. The match is set to commence on April 13th at 7:30 PM IST.

Stop and Reverse (SAR) indicator is a powerful tool used by traders to identify potential trend reversals in the price movements of MCX gold and silver contracts. Unlike traditional indicators that follow price trends, the SAR indicator is unique in that it dynamically adjusts its position relative to price, making it particularly effective in spotting changes in market direction. In this article, we'll explore how traders can use the Parabolic SAR indicator to identify trend reversals and execute entry and exit setups in MCX Gold and Silver trading. Understanding the Parabolic SAR Indicator

Imagine if in her Tuesday budget federal Finance Minister Chrystia Freeland announced higher taxes on capital gains — except for women, visible minorities and Black, LGBTQ+ and Indigenous Canadians. Most people would be appalled.

real estate and her engaging presence on the television show Shark Tank. Her noteworthy achievements and areas of expertise have become a focal point of study in numerous management schools. As aspiring entrepreneurs and finance professionals seek to understand her investing style and unravel the secrets of her business acumen that led to her success, she remains a subject of keen interest and analysis.

insurance industry in FY24, ToI reported on April 12 citing data from the General Insurance Council. The general insurance industry recorded an annual premium of close to Rs 2.9 lakh crore for FY24, marking a 13% rise from the previous fiscal year's Rs 2.6 lakh crore. Similarly, the five standalone health insurance companies saw a significant 26.2% increase in total premium, climbing from Rs 26,243 crore to Rs 33,115 crore during the same period. These statistics are based on preliminary data released by the council. The rise of standalone health insurance companies' growth can be credited to larger policy sizes, as they introduce high-value policies worth crores. Premium rates have been adjusted to match medical inflation, and coverage has expanded, insurers revealed.

Police in Idaho said an 85-year-old woman exhibited “heroism, fortitude, and a will to live” after she fatally shot a man who broke into her home, handcuffed her to a chair and made threats to kill her.

Mint in the week gone by. In a historic milestone, the Indian stock market’s valuation crossed ₹400 trillion, with the last ₹100 trillion coming in a mere nine months. The policy decision made by the oil cartel Opec+ earlier this month has resulted in a surge in international crude prices to their highest level in five months.

Shop for a home now or hold out for possibly lower mortgage rates

BENGALURU , NEW DELHI : In Indian cuisine, biryani holds a place of honour, especially during Eid festivities. Not surprising then that startups and larger hotel chains saw a notable uptick in orders for the fragrant dish in the run-up to Eid, as per an analysis by food delivery platform Swiggy. Demand for biryani across India saw a 15% increase during Ramzan, with orders totalling around 6 million plates.

disability due to stroke around the world are increasingly linked to temperature changes driven by climate change, a new analysis of global data over three decades has found. In 2019, there were over 5.2 lakh stroke deaths linked to non-optimal temperatures, the study, published in the journal Neurology, found. While the majority of these stroke deaths — more than 4.7 lakh — were due to lower than optimal temperatures, researchers also found that number of deaths from stroke linked to higher than optimal temperatures had increased, when compared with 1990. They associated optimal temperatures with the lowest death rates. The burden of stroke «due to high temperature has increased rapidly, especially among people aged older than 10 years, and was disproportionately concentrated in low Socio-demographic Index (SDI) regions such as Africa,» they wrote in the study.

mutual funds have delivered an average return of 38% in the last one year, an analysis by ETMutualFunds showed. There were around 12 schemes in the consumption category. Toppers gave more than 40% returns in the last one year, with ICICI Prudential Bharat Consumption Fund leading at 43.87% return. Meanwhile, Tata India Consumer Fund gave a 43.44% return during the same period.

Oklahoma's attorney general is suing two Texas-based natural gas companies over soaring prices during Winter Storm Uri in 2021

This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode.

The International Labour Organization (ILO) in partnership with the Institute for Human Development (IHD) recently released the India Employment Report 2024, which has a special focus on youth employment. The report, a careful analysis of the job situation in India, created its usual set of headlines. Unfortunately, many of these headlines were mischievous, detracting from many important characteristics of India’s improving labour market.

Arthur Hayes predicts a potential downturn in the Bitcoin market around the April 20 halving event, challenging the usual bullish sentiment.