As of now, the formation of Inverted Head and Shoulder (H&S) on a shorter time frame suggests a move on the upside. Indicators and oscillators are looking conducive for the price pattern. Looking at all these technical factors, we suggest buying in the scrip around Rs 123 with stop loss below Rs 114 on closing basis for the target of Rs 138 levels. … [Read more...] about With momentum likely to continue, bet on these 3 stocks for over 10% return
Record high oil prices
After 5 months RBI buys gold, now holds 625 tonnes
India’s foreign exchange reserves rose by $58 million to reach a life-time high of $461.21 billion in the week to January 10, according to the Reserve Bank of India (RBI) data. In the previous week, the reserves had increased by $3.689 billion to $461.15 billion. … [Read more...] about After 5 months RBI buys gold, now holds 625 tonnes
Risky Gulf Arab strategy tested by killing of Iran general
The Persian Gulf could be another target of Iranian retaliation. It hosts more than 30,000 U.S. troops, including the Navy’s 5th Fleet stationed in Bahrain, U.S. Army’s Central forward headquarters in Kuwait and at the sprawling Al-Udeid Air Base in Qatar. The U.S. also has hundreds of troops in Saudi Arabia and advanced drones, F-35 fighter jets and several thousand military personnel in Al-Dhafra Air Base in Abu Dhabi. … [Read more...] about Risky Gulf Arab strategy tested by killing of Iran general
OPEC, partners to extend production cut deal to end of 2020: UBS
Seasonally weak demand and vibrant supply growth from non-OPEC oil producing countries would lead to around 600,000-barrels/day of oversupply in the first half of 2020, which would drive Brent crude oil price down to 60 U.S. dollars per barrel in the period, according to UBS. … [Read more...] about OPEC, partners to extend production cut deal to end of 2020: UBS
Airlines are paying fewer fines. Is the government letting them off the hook?
But the largest civil penalty levied against an airline in the last six years for a violation of consumer protection laws was a $2-million fine against United Airlines in 2016 for failing to assist disabled passengers in getting on and off planes. The carrier was hit with an additional $750,000 penalty for stranding passengers on flights that were delayed for more than three hours. … [Read more...] about Airlines are paying fewer fines. Is the government letting them off the hook?
