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Cadila Healthcare Share Price Rallies After Receiving FDA Boost – Shares of the drugmaker rose as much as 3.8 percent to Rs 363.10.
The pharmaceutical company received a green signal from the U.S drug regulator Clindamycin Phosphate Topical Solution, used to treat acne, according to its stock exchange filing.
Gold Silver Reports (GSR) – India’s 3rd-largest state-run lender will issue preferential shares to the government, the people said, asking not to be named as the information isn’t public. This will help restore capital to the level needed to pay the coupon that’s due July 25, they said.
How to find support and resistance Levels.
Being able to locate support and resistance is an essential skill for every trader no matter what his/her strategy is. The good thing is that there’s no need to get fancy. Simpler solutions work better because the strongest levels are those that are evident to the majority of traders. Support and resistance levels do not appear magically out of thin air. They form as orders cluster in places where many traders expect the price to stop.
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
Gold Silver Reports (GSR) – A real quick preview of Federal Reserve Chair Powell before the Senate Banking and House Financial Services Committees:
📌 The Senate Banking Committee is on Tuesday (date17 July 2018 1400GMT)
📌 House Financial Services Committee is Wednesday (1400GMT again)
German Dax bucks the trend with a move up. France’s CAC and UK FTSE down
The EU indices are closed for the day and the major indices are ending mixed:
✅ German Dax rose 0.27%
✅ France’s CAC down -0.29%
✅ UK FTSE fell -0.83%
✅ Spain’s Ibex fell -0.17%