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 Bearish candle in nifty!what to do? On December 16, the Nifty50, a stock market index in India, closed at 18,269, a decrease of 0.79% from the previous day. This decline was influenced by growing fears of a potential recession and nervousness in global markets. At the start of the day, the index opened lower at 18,319 but briefly recovered to reach a high of 18,441 before falling to a low of 18,255. For the week, the Nifty lost 228 points. In terms of technical analysis, the Nifty formed a bearish candle with a long upper shadow, which resembled an Inverted Hammer pattern on both the daily and weekly charts. This pattern is often seen as a bearish signal, suggesting that the Nifty could continue to decline from its current levels. The next support level is expected to be the 50-day simple moving average, which is a measure of the Nifty's average price over the past 50 days, at the 18,100-18,000 range. On the other hand, the immediate resistance zone is expected to be at 18,400. In...

 Accenture, a global professional services company, has reported strong results for the first quarter of the fiscal year 2023, beating revenue estimates and providing a positive outlook for Indian IT companies. The company's revenue for the quarter came in at $15.7 billion, at the upper end of its guidance range of $15.2 to $15.75 billion. This marks a 5% increase from the previous year and includes new bookings of $16.2 billion, with $8.1 billion for both consulting and managed services. While Accenture's revenue from North America saw a year-over-year increase of 10% to $7.62 billion, revenue from Europe declined by 0.5% to $5.07 billion. These results are particularly significant because Accenture's fiscal year follows a September to August timeline, meaning that its earnings are released before those of India's major IT companies. This often serves as an indicator of how the results of these companies are expected to turn out. Additionally, a significant number of A...

  on the occassion of Gru nanak Jayanti,Indian stock market Nse/Bse remain close on 8 november 2022. All the transaction held on 7 november will be reflect to your account on 9th november 2022. Both the equity market and comodity market remain close.

  Industry sources said Reliance Industries is set to acquire German retailer Metro AG's cash and carry business in India in a deal worth around 500 million euros (Rs 4,060 crore). The deal includes 31 wholesale distribution centres, land banks and other properties owned by Metro Cash & Carry, he said. This will help the country's largest retailer Reliance Retail expand its presence in the B2B segment. He said that discussions between billionaire Mukesh Ambani-led Reliance Industries and Metro had been going on for the past few months and last week agreed to the proposal of German parent Reliance Retail. When contacted, both Metro and Reliance Industries declined to comment on the development. A Reliance spokesperson said, “Our company evaluates various opportunities on an ongoing basis. A Metro AG spokesperson said, “We do not comment on market rumors or speculations.  Metro Cash & Carry customers include retailers and grocery stores, hotels, restaurants and caterers ...

  KV Kamath Appointed RIL Director: Reliance Industries on Friday said it has appointed KV Kamath as an independent director on its board for a period of five years. Kamath has vast experience in the banking industry and is currently the chairman of the National Bank for Financing Infrastructure and Development (NaBIFD).   Extension Reliance Strategic Investments Limited (RSIL) has appointed KV Kamath as non-executive chairman. It has been informed by the company that the name of RSIL will also be changed to Jio Financial Services and it will be listed. KV Kamath will continue to serve as the independent director and non-executive chairman of JFSL. Reliance Industries on Friday said it has appointed KV Kamath as an independent director on its board for a period of five years. In addition, Kamath has also been appointed as an independent director and non-executive chairman of Reliance Strategic Investments Ltd., the entity that will shape the group's financial services business...

    Source Image: Twitter Tata Group Stock: After the results, equity research firm Nuvama Wealth Management has retained its buy advice on Voltas. The stock is trading at a discount of 36% from its record high.  Tata Group Stock: Tata Group's air conditioning and engineering service provider company Voltas (Voltas) saw a fall of about 2 percent on Friday. Since the results, the stock has lost more than 3 percent in the last three trading sessions. Voltas on Tuesday (November 1) released its July-September 2022 quarter results. Voltas has a net loss of about 6 crores in the second quarter (Q2FY23). However, the company's revenue has increased by 4.7 percent. After the results, equity research firm Nuvama Wealth Management has retained its buy advice on Voltas. The research firm says that it is a challenging time for the company and further growth is expected to be stable. The stock is down about 32 per cent so far this year.  Voltas: Shares may jump 31% Equity resear...

  Headline equity index Nifty formed a Doji sort of candle at the day by day charts because it gave the very best final of the closing 195 buying and selling periods. “Now, it has to hold above 18,088 zones for an up move towards 18,350 and 18,500 zones, whereas helps are positioned at 18,088 and 18,000 zones,” stated Chandan Taparia of Motilal Oswal economic offerings. The index sustained above the hurdle of 18,096 ranges on Tuesday, which is the preceding pinnacle of the mid part of Sept 2022. Analysts stated this is a wonderful indication, and one might also count on in addition swing highs in Nifty. Alternatives statistics suggests a broader trading variety between 17,600 to 18600 zones while a direct trading range in among 17,900 to 18,350 zones.

    Fedral reserve bank seen forcefully climbing rate to 5%, setting off worldwide downturn Central bank authorities will keep up with their steadfastly hawkish position one week from now, laying the foundation for financing costs coming to 5% by Walk 2023, moves that appear prone to prompt a US and worldwide downturn, financial analysts overviewed by Bloomberg said. The Government Open Market Board of trustees will raise rates by 75 premise focuses for a fourth continuous gathering when policymakers report their choice at 2 p.m. in Washington Wednesday, the study found. Rates are extended in the review to rise one more half point in December, then, at that point, by quarter focuses the accompanying two gatherings. Taken care of conjectures delivered at the September meeting showed rates arriving at 4.4% this year and 4.6% one year from now, before cuts in 2024. Financial specialists see the Fed as resolved not to turn too early as it battles against an expansion rate at a 40-...