The stock is meeting the criteria of Mark Minervini’s trend template. The current stock price is above both the 150-day (30-weeks) and 200-day (40-weeks) moving average price lines.

Reliance Industries Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

On the weekly timeframe, the stock has formed a reversal ‘shooting star’ candlestick pattern as on the weekend of August 28, 2020, followed by a sizeable bearish candle. This suggests a possible trend reversal in the stock.

Open Interest (OI) is the total number of outstanding contracts. It gauges the market participation. Open Interest is the number of contracts that are still open (i.e has not yet been exercised, closed/squared off, or not yet expired).

The consolidated net profit in Q1FY21 came in at Rs 16.63 crore, which declined by 82.99 per cent, as compared to Q1FY20, when it reported a profit of Rs 97.78 crore.

The company reported consolidated net sales of Rs 4492.36 crore in Q4FY20, which declined by 17.76 per cent YoY from Rs 5462.17 crore in Q4FY19.

On Friday, the domestic benchmark indices tanked on global cues. Sensex plunged by 633.76 points or 1.63 per cent to close at 38,357.18 while, Nifty fell by 193.60 points or 1.68 per cent to settle at 11,333.85.

Volatility continues to remain mysterious to most of the investors, who unfortunately do not have a complete grasp of what forms a foundational concept underpinning equities and derivatives trading. Known by other names such as Variance or Standard deviation, volatility is simply a measure of risk and as such, this parameter influences the prices of the underlying (stock or options) to a great extent.

Two more out of six Franklin Templeton debt funds turn cash positive. Read on to find out more.

Ahluwalia Contracts (India) Limited has secured a new order worth Rs 99.50 crore for the construction of new civil & structural work for Bandhan Bank headquarters project in Kolkata (West Bengal).