Universal Autofoundry Limited at its AGM held on September 22, 2023, approved appointment of Mrjullal Ravindra Bhat as an Independent Director of the Company....
The slide in domestic equities on Friday also came after the minutes of the RBI's latest policy meeting flagged near-term risks to inflation due to a recent spike in food prices and a liquidity overhang in the banking system. Investors now await Federal Reserve Chair Powell's speech at an annual gathering of global central bankers, due later on Friday, for cues into the US central bank's rate trajectory
Technically, the stock's day RSI (14) is at 83.1. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 3.9, which is above its center and signal Line, this is a bullish indicator.
Rajesh Palviya of Axis Securities feels if the NIfty50 breaks below the 17,350 level, it would witness selling which would take the index towards 17,250-17,200.