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In the Nifty500 pack, seven stocks are witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stocks short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day SMA crossed below their 200-day SMAs on February 24. Take a look:
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Sanjay Bembalkar, Head of Equities at Union Asset Management, advises investors to consider gold ETFs for safer, liquid portfolios without emotional ties. In light of geopolitical uncertainties and monetary changes, gold's negative correlation with equities and debt makes it a valuable long-term strategic asset. Bembalkar suggests a 15-25% gold allocation for retail investors.
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The 110 accounts the bank had put up for sale in the first week of January include SME accounts and some home loans from individual borrowers. JC Flowers' offer envisages an 84% haircut for the Mumbai-based cooperative bank.
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