Morgan Stanley Sees 20% Upside For RIL Due To Hydrogen Boost

Morgan Stanley Reiterates ‘Overweight/In-Line’ on the stock and raises target to Rs 3,253 from Rs 2,926; an implied return of 19.66%. Emergence of bigger, newer markets for solar panels and electrolyzers will help fund the growth of RIL’s new energy business. Electrolyzers, which form one of the four gigafactories that …

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Cryptocurrency

Bitcoin Price and Bullish Technicals 2022

Bitcoin price has crashed 17% since April 4 and is currently bouncing off the 200 three-day Simple Moving Average (SMA) at $39,506. This downswing was a major bearish event as BTC dropped below the bullish crossover between the 50-day and 100-day SMAs.

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Nifty Could Remain in the 17405-17855 Zone in The Near Term

Nifty Trading Zone: “Nifty after falling gap down has formed a hammer like pattern after a fall, suggesting possibility of an upward reversal. Advance decline ratio fell to much below 1:1 suggesting broad based profit taking in the markets.  Nifty could remain in the 17405-17855 zone in the near term,”.

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