Nifty futures signal positive bias as FIIs maintain long positions; eyes on 21800 pivot for potential upside move
By Manojh Vayalar
The January series Nifty futures started with a premium of around 220 points. The Nifty rolled around 80% and Banknifty around 81%. For the Index futures, FII have increased the long positions to 70% from 36% at the start of the January series.
The Index is now likely to continue trading with a positive bias keeping 21800 as the pivot for the series Come from Sports betting site VPbet . 21700-21800 might be the immediate support and holding above it might bring in a further move towards 22300 levels.
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VIX for the Nifty is currently at 14 and likely to remain in the 12 to 16 range implying a range of around 800 points.
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Niva Bupa raises Rs 800 crore, Paragon Partners along with Temasek and Motilal Oswal PE Fund key investors
Niva Bupa has raised Rs 800 crores from a consortium of investors. Confirming the news, Siddharth Parekh , senior partner & co-founder of Paragon Partners, in a post on social media, outlined that Paragon Partners is now one of the investors im in Niva Bupa Health Insurance as a part of the Rs. 800 crores equity capital alongside Temasek and Motilal Oswal PE fund.
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According to Parekh, “This marks our first investment in the insurance sector and our fourth investment in the financial services sector. We are excited to be a part of Niva Bupa’s mission to provide access to the best healthcare to every Indian and look forward to working closely with the MD & CEO Krishnan Ramachandran and the team at Niva Bupa Health Insurance , Bupa and TrueNorth.”
Niva Bupa, is a joint venture between British United Provident Association …
Markets take a breather amid global pressure; Bajaj Finance, HDFC Bank, Dalmia Bharat among top stocks to watch
By Ajit Mishra
Markets oscillated in a broader range in the passing week and settled almost unchanged, taking a breather after the recent fall. Though benchmark indices made multiple attempts for recovery, weak global cues combined with pressure in the select heavyweights continued to weigh on the sentiment and capped the move. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein realty and pharma edged higher while IT and auto ended in the red. And, the outperformance by the broader indices also eased some pressure.
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We are largely trading in sync with our global counterparts and expect the pressure to extend citing their prevailing structure. Among the key markets, The US benchmark, the Dow Jones Industrial Average (DJIA), is trading well below its long term moving average (200 EMA) a…