Story continues below Advertisement

"The undertone seems buoyant in Nifty Auto index as the index surpassed its previous high to register record highs and seems poised to continue its march in uncharted terrain," Osho Krishan, Senior Research Analyst - Technical and Derivative Research at Angel One said in an interview to Moneycontrol.

On the stocks, he feels Rs 480-475 is likely to be seen as a strong support zone for REC, and any dips are likely to augur well for the buyers.

Story continues below Advertisement

Balkrishna Industries is in the process of Cup & Handle formation and the breakthrough of the signal line in the MACD oscillator showcases an encouraging sign for the counter, said Osho with more than 10 years of experience in technical and derivative research.

Are the charts telling you that the Nifty is likely to hit 23,000 mark by next week?

The last session had been a roller coaster for the market participants, as the whole rosy setup of Nifty registering record highs, ended on a rough note. However, considering the overbought parameters, the Bank Nifty weekly settlement, and the mid-week holiday, such disruptions could be digested.

Story continues below Advertisement

On the technical front, the Nifty 50 index looks subtle, hovering above its 20 DEMA. Therefore, traders are advised to maintain a positive stance and view dips as potential buying opportunities, instilling a sense of optimism.

The immediate support is placed around the 22,500 mark, followed by 22,400 (20 DEMA). On the contrary, the lifetime high zone around 22,775-22,800 is expected to serve as immediate resistance before the index heads toward the 23,000 mark.

Are the charts of REC and Power Finance Corporation looking strong?

Story continues below Advertisement

REC has soared to its highest-ever closure, backed by robust volumes. The recent move construes a positive development, and it seems poised to continue its northward march in the comparable period. On level-specific front, Rs 480-475 is likely to be seen as a strong support zone, and any dips are likely to augur well for the buyers. Also, as the counter heads for uncharted territory, it is difficult to trace resistance; hence, trailing stop losses to higher levels till momentum persists is advisable.

PFC has also seen a robust move on the back of strong volumes. Importantly, the counter has spurt from its 21 DEMA (days exponential moving average), signifying a strong risk-reward ratio at the current zone. The bullish gap of Rs 416 is likely to cushion any blip, while the counter seems poised to reclaim its lifetime high of Rs 470. Also, the counter seems buoyant, and a sustained breakout would likely trigger fresh traction from a broader view.

Do you think the higher highs, higher lows formation in the Nifty Auto index seems continuing in coming weeks?

The traction in the majority of the auto and auto ancillary counters adds a bullish quotient to their respective index. The undertone seems buoyant as the index surpassed its previous high to register record highs and seems poised to continue its march in uncharted terrain. On the level-specific front, with the structural breakout, 22,700-22,800 is very much in the vicinity for now before it tests the psychological mark of 23,000.

What is your trading strategy for Nifty Financial Services index?

FINNIFTY has witnessed a strong breakout; however, the follow-up was not very convincing, as it formed a Gravestone Doji on the expiry session. The formation at the lifetime high is a concerning factor, and it would be crucial to watch for the intermediate formation of the candlestick on Thursday.

If we manage a closure above 21,900, then we might witness a run towards 22,500 for the upcoming expiry contract. Otherwise, it may fall into a consolidation period, ranging from 21,800-21,000.

Which are the 2 stocks on your bullish radar with couple of weeks perspective?

NHPC has seen strong traction in the last couple of trading sessions as it resurged from its 21 DEMA to witness an Inverted Head & Shoulder pattern breakout on the daily chart. Also, on the last session of breakout, a notable increase in volumes was seen, adding to the bullish quotient. On the oscillator front, MACD (moving average convergence divergence) and RSI (relative strength index) both have showcased a positive crossover, suggesting strong momentum in the comparable period. So one can buy NHPC at Rs 95, with a stop-loss at Rs 90 and for targets of Rs 102/105.

Balkrishna Industries started forming a rounding bottom for itself after the fall from Rs 2,790, which indicated the formation of a demand zone. In the last couple of sessions, the counter has been gaining momentum, levitating above its short-term EMAs. The stock is in the process of Cup & Handle formation and is likely to gauge momentum in the comparable period. Also, the breakthrough of the signal line in the MACD oscillator showcases an encouraging sign for the counter. One can buy Balkrishna Industries at Rs 2,420, with a stop-loss of Rs 2,330 and target of Rs 2,570-2,580.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

See the rest here:
Charist Talks: Osho Krishan believes Nifty Auto to remain in uncharted territory, bullish on Balkrishna... - Moneycontrol

If retirement looms for you and your partner, the timing of when each of you decides to leave workforce may not align. In such scenarios, where one spouse is still actively employed while the other has already transitioned into retirement, navigating this period can present challenges. Yahoo Finance's Kerry Hannon joins Wealth! to provide valuable insights on how couples should strategize and manage this phase of their lives.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith

BRAD SMITH: Well, retirements it's an exciting time, so I hear. But what happens when your partner retires before you? To break down how to balance money conversations when one half of the couple is retired we have Yahoo Finance reporter Kerry Hannon. Hey, Kerry.

KERRY HANNON: Hey, Brad. Great to be here. This is a big issue, particularly this year, which is peak 65, which means more people are turning 65 this year than in any other year previously. So a lot of people think about retirement. And a study I saw last week, Ameriprise came out with a study, said that most people or most couples are fine with the other person retiring, but very few couples retire at the same time.

And so that becomes an issue because you're shifting from saving to spending. So your roles are shifting in your relationship. And what happens is resentment can really build up because most couples actually do not agree on spending priorities. So it's really critical for people to pay attention to some of these very basic things before this resentment starts to fester.

And so I recommend people really take the time to, you know, have a money date. I mean, prior to stepping away from the workplace, if one partner is stepping away, you need to have that conversation about, OK, where's the money coming from? Like I said to my-- my husband decided he wanted to step out at age 70, but I said, hey, you know, OK, so how are you going to pay yourself?

So you need to think about setting up what we're used to getting a paycheck. So you need to set up which accounts are you going to pull from. These are big questions to ask. And you also need to think about, you know, I think it's a great idea not only to have that money date but also to bring in a financial advisor.

If you're not already working with somebody, it's really important to bring somebody who's sort of unbiased that can holistically look at all your accounts and say, OK, let's set up a recurring payment that's going to cover these costs going into the accounts so that there isn't this disconnect about one person earning and one spending. And so this can become an issue.

And frankly, what's really important is you've got to think about marriage. Marriage is at its very heart a business partnership. So it's cash flow. It's income in. It's spending out. So you really need to be on the same page. And I just think a lot of couples are going to be facing this in the next period of time. So it's important to get a grip on it.

Link:
Retiring at different times? Here are some things to discuss - Yahoo Finance

Lifestyle

By Riley Cardoza

Published March 18, 2024, 12:15 p.m. ET

Gisele Bndchen is peeling back the curtain on her health and fitness routine.

The supermodel works out six days a week, she told WSJ. Magazine in an interview published Monday, going on to share her go-to activities.

I love Pilates because I had back surgery three years ago and it helps with your core, the 43-year-old explained. I like exercise outside: surfing, swimming, horseback riding, volleyball. When Im on holiday, I do more of that.

On top of lifting weights about two days a week [and doing] cardio about two days a week, Bndchen also walks her dog twice a day.

The Nourish cookbook author, who considers herself the farthest thing from a chef, went on to describe her favorite meals to the outlet.

Bndchen starts her day at 5 a.m. with lukewarm water with a little lemon and Celtic salt, then like[s] to have eggs if she has worked out.

I also like avocado. It can be an omelet, a frittata, she said. Sometimes I have a smoothie. I always make an almond paste to have some protein in there.

The businesswoman made it clear that she never consumes white sugar, calling the ingredient poison.

She noted, There [are] so many other ways you can sweeten your things that are delicious. Honey, maple syrup, dates.

Bndchen, who shares two children with ex-husband Tom Brady, admitted that she has a difficult time balancing her life and career as a working mom.

When my kids are with me, they have so many activities, she said of son Benjamin, 14, and daughter Vivian, 11.

Its difficult to manage my schedule and their schedule, Bndchen continued. The most important thing for me every day is to put the oxygen mask on me first.

She credited her asana stretches and meditation with helping ground her first thing in the morning.

Bndchen regularly gives her Instagram followers glimpses of her wellness routine, from taking a moment of reflection last week to dishing up date bark for a snack.

The former Victorias Secret Angel also practices jiu-jitsu. She has been dating her trainer, Joaquim Valente, following her 2022 divorce from Brady.

Load more...

https://pagesix.com/2024/03/18/lifestyle/breaking-down-gisele-bundchens-diet-and-exercise-routine/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons

See more here:
Breaking down Gisele Bndchen's diet and exercise routine including the one food she'll never eat - Page Six

This is the third version of this headline I've published in this newsletter. And the answer may finally be yes: A spot bitcoin exchange-traded fund (ETF) may begin trading in the U.S. in the coming weeks.

Youre reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

Excitement over a spot bitcoin ETF a regulated financial product that would give institutional and retail investors easier exposure to bitcoin's price without requiring them to invest directly in the asset continues to grow.

The U.S. Securities and Exchange Commission (SEC) faces a Jan. 10 deadline for approving an application from Ark 21 Shares. It's widely seen as the final date by which the SEC may approve or reject the more than a dozen outstanding applications.

A number of signs point to an approval in the near future like continued meetings between SEC staff, exchanges and would-be issuers, as well as a flurry of filings.

SEC staff met with representatives from the markets that want to list the products the New York Stock Exchange, Nasdaq and Cboe Global Markets on Wednesday afternoon, an individual told CoinDesk.

Fox Business first reported that the meetings were taking place, saying SEC attorneys from the Division of Trading and Markets met with representatives from the exchanges.

Over the past few weeks, SEC staff have also met with issuers to address various aspects of their S-1 filings, including having all issuers use a cash creation and redemption model instead of in-kind.

Cash creation means what it sounds like: Authorized participants will purchase shares of the ETFs from the issuers using cash, rather than directly acquiring the underlying asset.

Companies like BlackRock and Grayscale have argued before the SEC that the regulator should be comfortable with and allow in-kind creation. Georgetown University Associate Professor James Angel similarly argued in a letter to the regulator that only allowing cash creation would end up adding fees and other frictions to the various parties.

An individual familiar with an issuer's efforts told CoinDesk last month that issuers had been meeting with the SEC to pitch the regulator on allowing both cash and in-kind creations.

"If you offer cash and in-kind, you have more market participants, tighter spreads on the ETF, closer tracking to the underlying assets and greater investor protections," the individual said.

However, the individual also noted that there may be a few reasons why the SEC may not want to allow in-kind creations at this moment simply due to how existing rules are structured.

The SEC may need to update its rules for how broker-dealers handle custody transactions before it can allow in-kind, the person suggested as one possible reason for the reticence.

"I think many of the issuers believe that they don't want the introduction of a bitcoin ETF to be the thing that forces the SEC to update the rules and regulations for how broker-dealers handle bitcoin," they said. This isn't an insurmountable problem the SEC could allow other intermediary businesses handle trading for in-kind creations and redemptions, for example.

Also on Wednesday, Fidelity filed a form 8-A, which allows exchanges to list shares. While this form doesn't in and of itself mean the product has been approved, it is a procedural step that must be taken if approval does arrive. An individual at another would-be issuer said their company would also have to file a form 8-A.

James Seyffart, an analyst with Bloomberg Intelligence, said the filing is a registration that's needed for the shares to begin trading.

"What will actually dictate SEC approvals is 19b-4 and S-1 approvals," he said.

"There are two primary things that I'm watching and that others should be watching if they're interested," Seyffart said. "These ETFs need a 19b-4 approval order and they need a completed and effective prospectus, aka an S-1. Without both of those things, the ETFs cannot begin trading."

In the meantime, we have seen a number of amended filings addressing the cash creation model and naming authorized participants.

And seemingly riding on the wave of excitement, the T-REX Group (yes, really) filed for a number of inverse and long spot bitcoin ETFs, presumably in anticipation of a spot trust product approval. None of these actions are smoking guns, but they all hint at a likely approval.

If youve got thoughts or questions on what I should discuss next week or any other feedback youd like to share, feel free to email me at nik@coindesk.com or find me on Twitter @nikhileshde.

You can also join the group conversation on Telegram.

Link:

Will 2024 Be the Year of the Bitcoin ETF? - CoinDesk