Thu, Feb 22, 2024 1:57 PM
Want to earn more than FD, NSC? Invest in 100% risk-free RBI bonds!
A Flip by Avya Verma
📌Monday is likely to see the Nifty beginning on a soft note; the levels of 23650 and 23880 are likely to act as resistance points. 📌The supports come in at 23300 and 23050 levels. 📌The weekly RSI is 43.53; it has marked a new 14-period low, which is bearish. 📌The RSI also shows a bearish divergence against the price. 📌The weekly MACD is bearish and stays below the signal line.
Open Flip
Chinese property developer Redsun Properties said on Friday it would not be able to pay its $350 million bond maturing on January 13, which includes the principal and the accrued interest. The bond was issued in January 2021 with a coupon rate of 7.3%. A prolonged property market slump in China over the last three years has been weighing on developers' ability to repay debt.
Open Flip
Sumeet Bagadia of Choice Broking believes bears have taken hold over the bulls as the Nifty 50 index has broken the crucial 23,500 support. 📌Tech Mahindra: Buy at ₹1705.60, target ₹1860, stop loss ₹1628. 📌JSW Steel: Buy at ₹900.10, target ₹980, stop loss ₹860. 📌Bajaj Finserv: Buy at ₹1701.25, target ₹1875, stop loss ₹1620.
Open Flip
