World of money with Ritesh Jain; Over 40 stocks look ripe for correction; The week that was

ET Markets Daily Brief | Sat, Jul 09, 2016 | 03:30 PM IST Follow ET Markets

NOT TO MISS #StocksInNews,#Recos,#Expert Views,#IPOs,#Commodities

World of money with Ritesh Jain: 5 interesting things I read this week It took a lot of effort to persuade Mr Jain to give us a sneak peek into his repertoire every week through this exclusive column. Here's the first one for you. RSI shows over 40 stocks are ripe for correction; how will you handle them? According to the RSI indicators, 44 stocks are displaying readings above 70, which suggests they are in the overbought zone and could see some correction. The week that was: Lull after the Brexit storm; earnings, Parliament can only give hope to D-St Dalal Street was in a consolidation phase all through last week as the risk-on rally that started after the Brexit vote in June came to a halt.

Interview One to One "Employees are important for us and very important for us and therefore we will always look for a solution which is t... Koushik Chatterjee, CFO, Tata Steel

Market Watch 9 Jul | 03:30PM| SENSEX NIFTY USD/INR GOLD 27126.90 ↓-74.59 8323.20 ↓-14.70 67.36 ↓-0.04 31747.0 ↓-134.0

Gainers Losers 9 Jul, 2016, 03:30PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Adi Finechem Ltd. 390.45 19.99 90223 390.45 323.50 Elegant Marbles & Grani Industries Ltd. 152.50 19.98 226458 152.50 128.50 Smiths & Founders (India) Ltd. 14.73 19.95 376718 14.73 12.01

Tweet of the day... Tech view: Nifty50 forms 'Hammer' pattern; will the weakness continue?

FROM THE NEWSPAPER

L&T Infotech IPO opens on Monday. Should you subscribe or let it go? The promoters would be looking to sell 1.75 crore shares in the price band of Rs 705-710 through an offer for sale (OFS) to raise around Rs 1,243 crore. Three stock picks that can make you money "Valuations wise, again Greaves Cotton is trading at almost 15 times one year forward valuations, which is discount to the capital goods sector. " Ultimate bull market still sometime away: Every reason for you to buy on every dip If the redemption requests spill over to bond funds, that will rattle global financial markets for sure, as a large part of the assets are junk bonds. Vedanta, NMDC and Coal India likely beneficiaries from NMEP; here's why The government has maintained that selection of private explorers would be done through a transparent process of competitive bidding through e-auction. Bill introduced in US to prevent Indian companies from hiring on H-1B visas Since the revenue model of majority of Indian IT companies is dependent on H-1B and L1 visas, such a bill is likely to impact their businesses.

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