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Reliance Jio planning own cryptocurrency called JioCoin

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After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cyptocurrency, JioCoin. With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.  “The company plans to hire 50 young professionals with average age of 25 years for Akash Ambani to lead. There are multiple applications of blockchain (for the company). The team would work on various blockchain products,” a person familiar with the development said on condition of anonymity. Blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database whi…

Bitcoin it such a bubble or not , At my point of view

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First thing is come in mind ( What is bitcoin ) Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto  and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them us…

Short Covering & long Covering Is basic knowledge , Beginner should know this thing

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What is 'Short Covering'
Short covering is buying back borrowed securities in order to close an open short position. It refers to the purchase of the exact same security that was initially sold short, since the short-sale process involved borrowing the security and selling it in the market. For example, assume you sold short 100 shares of XYZ at 100 Rs per share, based on your view that the shares were headed lower. When XYZ declines to 90 or 80 Rupee, you buy back 100 shares of XYZ in the market to cover your short position (and pocket a gross profit of 200 Rupee from your short trade). This process is known as short covering.
Short Covering Risks
The risk of short covering, i.e. whether or not the stock will be subject to a short squeeze, can be gauged by a stock’s short interest and its short interest ratio (SIR). Short interest refers to the number of shares sold short as a percentage of total shares outstanding, while short interest ratio is computed as total sha…

NIFTY 50 AND BANK NIFTY TECHNICAL OUTLOOK FOR TODAY

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Nifty Technical Outlook
Nifty is expected to open on gap down note and likely to witness volatile session during the day. Technically, Nifty is facing a strong resistance  at higher levels due to which we witness a sharp correction from 10400 level towards almost 10140 levels in the span of 3-4 trading session. Going ahead 10090-10040 levels may act as a strong support levels. Overall view is cautious stay light with position.
Action: Nifty has an immediate support at 10100 and on a decisive close below expect fall to 10070/10040 levels
Bank Nifty:
Bank Nifty faces immediate support around the 25060 levels on the downside and on a decisive close expect fall to 24930/24740 levels. There is an Immediate resistance at 25340/25500levels.
Stocks With Positive bias Stocks With Negative bias AMARAJABAT, ENGINERSIN, SBIN, BIOCON APOLLOTYRE, KPIT, GRASIM ,TECHM

NIFTY /BSE/BANKNIFTY : SUPPORT / RESISTANCE LEVELS
Name CLOSE S2 S1 Pivot R1 R2 NIFTY

Watch the motivational video, In which Sector will give strong return

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Our Trainee Will Motivate speech about investing  

Any investor who thinks the stock market as untouched is because the stock has never given a return to the market, it has given only light. Why is it that you will see this video from beginning to end, you will get the full knowledge about the stock market. In that you can earn a high return by investing in the stock market and you only put your money in the mutual fund that you invest in. Are for returns and you can not get a good strong return in it Why is it that you see this video full .

I'll Comparison you by telling you 80 percent person and 20 percent person of these figures, 

I want to tell those who are 80 percent investors to invest for a long period of time. Your exact home items that are being fulfilled today for your mother's house will meet your needs at the time of the future. You will not know even if you do not know because inflation will have reached this high stage that you will find it very difficu…

GOLD TREND & INTRADAY LEVELS

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GOLD -Buy 29270 TGT Made at 29350- 29380 SL made at 29220

Trend updated for-Nov/29/2017.CMP-29393 The Gold is in long- term bull phase .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 29864 or buy with strict stop at 29159. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Support for the Gold is 29151-.Resistance for the Gold is 29536-29585-29624-29650-29680-
Short term and Intraday Level of GOLDCurrently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 29549.0 with stop at 29285.0 The oscillator is on SELL signal and Crudeoil is coming down from overbought level
Intraday Trend- Buy is advised above 29522.5 with a stop…

Today's strategy is in crude oil, which is on Buying side

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Crude Oil -Buy 3780 - 3770  TGT - 3818 - 3832 Sl made at 3760  

Crude oil is trading at a high level of 2 years. I believe crude oil will not be sustain at this rate, it will create its new highest level which can still be made today and maybe even in the coming week, Therefore, trader should trade in the Buying side and do not trade in the sell side and put stoploss 3761 and target at 3818 - 3832.
And this month, there is also a meeting of OPEC. It is believed that the production of crude oil will cut the OPEC score or leave such suspension. This meeting is going to be on November 30, which is going to be in Vienna , Austria. OPEC will be in the meeting, everybody will care for the groom that the OPEC Cut the supply of crude oil to move further.
Today, which is going to buy crude oil, it will take away the profits of the house and which is going to sell crude oil, it will take home the loss deal, now the trader is in the hands of what site he sets his trade. On the side of bu…