Stock specific Technial Analysis..

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Motilal Oswal is positive on which scripts ? Lets see..

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The Nifty remained rangebound in the last two trading sessions, but witnessed a strong recovery last week from 10,333 to 10,838 levels. It formed an Inside Bar pattern on the daily scale and a strong bullish candle on the weekly scale, which indicates that declines are being bought into the market. It has to continue to hold above the 10,700 zone to extend its move towards the crucial hurdle of 10,880-10,929. On the downside, support exists at 10,650, then 10,600 zones. It has been flirting near its 50-day exponential moving average (DEMA) and needs to surpass this crucial hurdle to commence the next upmove in the market. The Nifty started last week on a negative note with the resignation of Reserve Bank of India Governor Urjit Patel and outcome of state election results, but managed to recover from the lows and bounced to 10,800 zones. Volatility index corrected sharply by 18.45 percent last week to 15 levels, while put-call ratio moved up from...
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IOC Announced Dividend of Rs. 6,556 Crore...

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State-owned Indian Oil Corp (IOC) has announced an interim dividend worth Rs 6,556 crores along with a share buyback of 29.76 crores worth Rs. 4,435 crores as per the government plan to tap cash-rich PSUs to meet its budget deficit. According to the IOC’s regulatory filings, “The board of directors declared an interim dividend of 67.5 per cent or ?6.75 a share (face value ?10) for the financial year 2018-19.” The company said that dividend will be credited to the account of the shareholders on or before December 31. IOC in the statement, also said that the record date for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend as well as for Buyback of equity shares is fixed on Tuesday, 25th December 2018. IOC board which declared an interim dividend of 67.5% or Rs 6.75 per share for fiscal 2018-19 will ensure the total dividend payout (excluding tax) of Rs 6,556 crore, out of which the government will get Rs 3,544 crore plus ...
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