JM Financial said the optimism on OMCs namely Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation Ltd (IOC) will be contingent on crude sustaining below $80 per barrel.
Oil & Natural Gas Corporation’s daily trend is bullish to sideways. The RSI for daily is showing sideways momentum, however, the RSI for monthly and weekly are showing bullish momentum. Based on option chain analysis, the range is between 184.25 and 199.25. Let’s plan a trade around this.
Coal India shares will turn ex-dividend today. The state-run miner had announced an interim dividend of Rs 15.25 per share. Tuesday is also the record date for the purpose of determining eligible Coal India shareholders.
IREDA IPO to open for subscription, ONGC, Coal India among ex-dividend stocks in Top News on November 21: Stock market, Nifty outlook, Q2 Results, e-Sprinto to unveil Rapo, Roamy E-scooters in focus.