The Nifty which started on a bullish note reclaimed its crucial resistance level of 10,700 in the opening tick Wednesday and built momentum to rally above 10,750 but closed marginally below its resistance level of 10,770.
The index is now trading above most of its crucial short-term moving averages. It formed a bullish candle on the daily candlestick charts and is now trading above 5, 13, and 50-EMA
After closing above the 50-EMA, now the real challenge for bulls is to cross the interim top placed around 10,850 levels, experts said, adding the further short covering then may push Nifty towards 11,000 levels.
India VIX fell down up by 2.62 percent at 12.65 levels. Lower volatility indicates limited downside and decline is being bought in the market.
related news Top buy & sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term Buy Maruti Suzuki, target Rs 9800: Achin Goel Buy Lupin, target Rs 1030: Achin Goel
According to Pivot charts, the key support level is placed at 10,706.07, followed by 10,642.23. If the index starts moving upwards, key resistance levels to watch out are 10,805.47 and 10,841.03.
Hot Casino Stocks For 2021: Alnylam Pharmaceuticals Inc.(ALNY)
Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, engages in discovering, developing, and commercializing novel therapeutics based on RNA interference (RNAi). Its core product programs under clinical or pre-clinical development include ALN-TTR, a Phase I clinical trial program for the treatment of transthyretin-mediated amyloidosis; ALN-APC, a Phase I clinical trial program for the treatment of hemophilia; ALN-PCS for the treatment of severe hypercholesterolemia; ALN-HPN, a pre-clinical development for the treatment of refractory anemia; and ALN-TMP, a pre-clinical development for the treatment of hemoglobinopathies, including beta-thalassemia and sickle cell anemia. The company?s partner-based programs comprise ALN-RSV01, a Phase II clinical trial program for the treatment of respiratory syncytial virus infection; ALN-VSP, a Phase I clinical trial completed program for the treatment of liver cancers; and ALN-HTT, a pre-clinical development for the treatment of Huntington?s disease. It has strategic alliances with Novartis Pharma AG; F. Hoffmann-La Roche Ltd; Takeda Pharmaceutical Company Limited; Isis Pharmaceuticals, Inc.; Medtronic Inc.; Kyowa Hakko Kirin Co., Ltd.; and Cubist Pharmaceuticals, Inc. The company was founded in 2002 and is headquartered in Cambridge, Massachusetts.
- [By Max Byerly]
Get a free copy of the Zacks research report on Alnylam Pharmaceuticals (ALNY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Cory Renauer]
Staying on top of every new drugmaker takes a lot more time than you probably have. That said,Alnylam Pharmaceuticals (NASDAQ:ALNY)andPfizer (NYSE:PFE) shareholders want to keep their eyes on young Eidos and its lead candidate. Here’s why.
Hot Casino Stocks For 2021: Intelsat S.A.(I)
Intelsat S.A., through its subsidiaries, provides satellite communications services worldwide. It offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and ISPs; and commercial satellite communication services to the U.S. government and other military organizations and their contractors. The company offers various on-network services, including transponder services; managed services that combine satellite capacity, teleport facilities, satellite communications hardware, and other ground facilities to provide managed and monitored broadband, trunking, video, and private network services to customers; and channel services primarily used for point-to-point bilateral services to telecommunications providers. It also provides off-network and other services comprising transponder, mobile satellite, satellite-related, and other services. In addition, Intelsat S.A. offers satellite-related consulting and technical services that include the lifecycle of satellite operations and related infrastructure, from satellite and launch vehicle procurement through telemetry and commanding services, and related equipment sale services to other satellite operators. The company was founded in 1964 and is headquartered in Luxembourg. Intelsat S.A. is a subsidiary of Serafina S.A.
- [By Rich Smith]
Intelsat (NYSE:I) shareholders have had a rough time of things these past five months — heck, they’ve had a rough time of things these past five days!
- [By Jon C. Ogg]
Intelsat S.A. (NYSE: I) was raised to Market Perform from Underperform at Raymond James. It closed down almost 16% at $17.76 ahead of this call, but the shares were indicated up over 5% at $18.70 on Wednesday.
- [By Rich Smith]
Intelsat (NYSE:I) stock is plunging to Earth.
After losing nearly 10% of its market capitalization yesterday, Intelsat stock dropped a further 15.9% on Tuesday to close at the patriotically disheartening share price of $17.76.
Hot Casino Stocks For 2021: BlackRock Strategic Municipal Trust Inc. (BSD)
BlackRock Strategic Municipal Trust (the Trust) is a diversified closed-end management investment company. The Trusts investment objective is to provide high current income, exempt from regular federal income tax, consistent with the preservation of capital. The Trust will invest at least 80% of its total assets in investment-grade securities, and may invest up to 20% of its total assets in securities rated Ba/BB or B or determined by BlackRock to be of equivalent credit quality at the time of purchase. The Trusts investment advisor is BlackRock Advisors, LLC (formerly known as BlackRock Advisors, Inc.).
The Trust invests in various sectors, including hospital, power, transportation, education, housing, and water and sewer. On September 29, 2006, BlackRock, Inc., the parent of BlackRock Advisors, LLC, and Merrill Lynch & Co., Inc. (Merrill Lynch) combined Merrill Lynchs investment management business, Merrill Lynch Investment Managers, L.P. (MLIM), with BlackRock, Inc. to create an independent company. Merrill Lynch has a 49.8% economic interest and a 45% voting interest in the combined company, and The PNC Financial Services Group, Inc. (PNC) has approximately a 34% economic and voting interest. The new company operates under the BlackRock name.
- [By Ethan Ryder]
BitSend (BSD) is a PoW/PoS coin that uses the X11 hashing algorithm. BitSend’s total supply is 19,754,725 coins. BitSend’s official Twitter account is @Bit_send. The official website for BitSend is www.bitsend.info.
- [By Ethan Ryder]
BitSend (CURRENCY:BSD) traded down 8.9% against the U.S. dollar during the 1 day period ending at 16:00 PM Eastern on June 20th. During the last week, BitSend has traded 5.1% higher against the U.S. dollar. BitSend has a market cap of $6.58 million and approximately $147,698.00 worth of BitSend was traded on exchanges in the last 24 hours. One BitSend coin can now be purchased for approximately $0.34 or 0.00004993 BTC on major exchanges including LiteBit.eu, Cryptopia, SouthXchange and Bittrex.
Hot Casino Stocks For 2021: Berkshire Hills Bancorp, Inc.(BHLB)
Berkshire Hills Bancorp, Inc. provides retail and commercial banking, wealth management and investment, and insurance services. The company operates through two segments, Banking and Insurance. It offers various deposit accounts, including interest-bearing and noninterest-bearing checking demand, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as residential mortgages, commercial real estate, commercial and industrial, and consumer loans. The company also provides wealth management services comprising investment management, trust administration, and estate planning; and investment products, financial planning, and brokerage services. In addition, it offers personal and commercial property, and casualty insurance; employee benefits insurance; and life, health, and financial services insurance products. Further, the company provides retail and commercial electronic banking, commercial cash management, and commercial interest rate swaps; and debit cards and other electronic fee producing payment services to transaction account customers. It serves retail, commercial, not-for-profit, and municipal customers. The company operates 91 full-service banking offices in Massachusetts, New York, Connecticut, and Vermont; and commercial and retail lending offices located in eastern Massachusetts. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Pittsfield, Massachusetts.
- [By Ethan Ryder]
Berkshire Hills Bancorp, Inc. (NYSE:BHLB) – Jefferies Financial Group issued their Q2 2019 earnings per share estimates for shares of Berkshire Hills Bancorp in a research report issued to clients and investors on Tuesday, October 9th. Jefferies Financial Group analyst C. Haire forecasts that the savings and loans company will post earnings of $0.75 per share for the quarter. Jefferies Financial Group also issued estimates for Berkshire Hills Bancorp’s Q3 2019 earnings at $0.80 EPS, Q4 2019 earnings at $0.77 EPS and FY2020 earnings at $3.13 EPS.
- [By Ethan Ryder]
Berkshire Hills Bancorp, Inc. (NYSE:BHLB) has been given a consensus rating of “Hold” by the ten research firms that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $40.00.