Tuesday, October 27
Nifty formed a long bull candle on the daily chart on Thursday that surpassed the cluster hurdles like the 10- and 20-day EMA. This also opened the downside gap of December 19, which has been filled at 24,150. This is a positive indication and signals an important turnaround for the market on the upside. The recent swing low of 23,460 of December 31 could now be considered a larger degree higher bottom formation.The short-term trend of Nifty remains strong on the upside and one may expect the index to move towards the next hurdle of 24,400 levels. Any dips from here could find support around 23,900, said Nagaraj Shetti of HDFC Securities.According to the open interest (OI) data, the highest OI on the call side was observed at 24,200 and 24,500 strike prices, while on the put side, the high
The Ministry of Information and Broadcasting (MIB) is working on rules for regulating online advertisements, it recently informed the parliamentary standing committee on communications and information technology.The committee, chaired by Lok Sabha MP Nishikant Dubey, had requested the ministry to update it on the status of the rules."MIB is in the process of formulating rules for regulation of online advertisements as per allocation of business. The committee would like to be apprised of the status of formulation of these rules for regulations of online advertisements," according to the committee's Third Report on Demands for Grants (2024-25) of MIB issued on December 16.As per the amended 'Allocation of Business Rules,' notified on July 28, 2023, the ministry’s mandate has expanded to i
