Chart Check: After 40% rally in 3 months, this smallcap stock gave a breakout from falling trendline resistance
The price action suggests that the stock saw value buying at lower levels, and it again rallied to Rs 843 (November 2021). Thereafter, the stock traded between Rs 450 and Rs 850 from November 2021 to August 2022.
Japan's Nikkei slumps to 2-week trough on Fed rate-hike angst
The U.S. S&P 500 tumbled 3.37% on Friday and the tech-heavy Nasdaq dropped 4.1%. S&P 500 and Nasdaq futures indicated further losses for Monday, slipping 0.87% and 1.22%, respectively.Traders ramped up bets for another super-sized 75 basis-point rate hike at the Federal Open Market Committee's next meeting on Sept. 20-21 to 70.5%.
Trade Setup for Monday: Top 15 things to know before Opening Bell
Experts feel that there could be a possibility of further downside if Nifty50 trades below 12,160 levels in the coming week as well. The near term outlook is tilted towards bears as MACD gave a bearish crossover or triggered a sell signal on charts.
SML Isuzu jumps 7% despite long-term rating cut by ICRA of company banking facilities ICRA revised the long term rating and reaffirmed the short term rating of the company. SML Isuzu#39;s long term banking facilities has been revised to ICRA AA- (negative) from ICRA AA (stable).