)
Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
If a stock predictably moves to the top of a defined range, hits resistance and drops back down to the bottom of the range where it hits support, it can be traded
Nifty, Tata Steel, Hindalco, YES Bank & HPCL
Nifty, Bank Nifty, BPCL, BHEL & L&T
A combination of calls and puts with appropriate strikes could be profitable
Wait for the spectrum auction to be held in January before deciding whether to buy telecom stocks or not
Carlsen got a solid position with no weaknesses, playing the Rossolimo Variation against Anand's Sicilian Defence.
The Norwegian Grandmaster, leads 6-3 in the 12-match game and needs only a draw to clinch the title
Nifty, Bank Nifty, Sesa Sterlite,Dabur & DLF
Nifty, Bank Nifty, BPCL
While the long- and short-term trends remain positive, a breakout above 6,342 would be necessary to signal a positive intermediate trend
The 22-year-old Carlsen leads 5-3 and needs to score another 1.5 points in the next four games to wrest the title away
Nifty, PNB, Hindalco & Infosys
Instead of starting an aggressive attack, Anand played very positionally, seeking a small advantage
Nifty,Bank Nifty, L&T, Bharat Forge & TCS
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results
Apart from making a quick buck by going long on the dollar, traders might short oil PSUs; if rupee weakens, there could be other implications
Over the short to medium term, valuations are more likely to move down than up