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Momentum indicators have given a crossover indicating the start of bullish move.

Indian Hotels share price up 0.43 per cent

Updated at : 2023-08-28 11:25:01

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A total of 18,450 shares changed hands on the counter till 10:25AM (IST).

​I mean, the risk-free rates in the US have gone back up to the peak levels that we saw back in March. So, when you are able to make a 5% risk-free rate in the US, then that is obviously going to be something that will put equity valuations all over the world into a question mark, so that is one thing that we need to keep in mind.

The stock had been suspended since March 21, 2022. Its Hong Kong-listed units, China Evergrande New Energy Vehicle Group and Evergrande Property Services Group have both resumed trading in the past month after a 16 month halt.

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​It is a two-bar candlestick pattern formed after a downtrend. The first bar is a red candlestick, normally followed by a standard or long-legged Doji. ​

"If we just look at data of the last five years of emerging market performance in dollar terms – it is negative, and India is about 7% to 8% positive in the dollar terms. It is negative is because China, Russia, etc., everything has disappointed. Overall, eventually people will realise that this basket approach of investing with BRICS or EMs, etc. in India, may not be working for them. It is probably not a scientifically constructed basket.."

On the monthly options front, the maximum Call OI is placed at 19500 and then towards 19300 strikes while the maximum Put OI is placed at 19000 and then towards 19300 strikes. Call writing is seen at 19300 then 19400 strikes while Put writing is seen at 19200 then 19100 strikes.

During the entire August series, the index has encountered consistent selling pressure from elevated levels. A notable resistance zone was established around 19500-19700, where the bears exerted their influence.

​This means the average traded quantity of the stock for 5 days along with its cumulative open interest has increased whereas the price has decreased​

Our prime minister has now started making such amazing aspirational speeches. One, of course, he talked about the approach to doing good.

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