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Today's Summary
Thursday, April 29th, 2021
 

 NIFTY 50

14,894.90

0.20%

 SENSEX

49,765.94

0.06%

 METAL

         4,855.30         

4.53%

 PSU BANK

             2,076.80               

1.14%

 GOLD

 46,735.00

0.76%

 USDINR

74.35

0.47%

Here are the best charts, articles, and ideas being shared on the web today! 

Chart of the Day
Today's Chart of the Day was shared on Twitter by Seby Joseph (@josephseby78). It's the daily line chart of Nifty 500 over the past five years with the Accumulation Distribution Line in the top pane. Accumulation Distribution Line (AD line) is a volume-based indicator that helps to determine underlying trends or anticipate reversals when it diverges from the security price. 
Seby points out that the AD line is making a new high before the index. It confers intrinsic strength, which could elevate the price. As discussed earlier, the high of Nifty 500 coincides with the Fibonacci extension level of 161.8% from January '20 - March '20. It would be interesting to see the price action at this level after 2.5 months of consolidation.     
Quote of the Day
 

Plan to survive reality. Future filled with unknown is everyone’s reality.

– Morgan Housel

Top Links
Nooresh Merani shares a technical outlook on top global indices. 

What to Buy? PSU Banks or Private Banks - Equitymaster
In this video, Brijesh Bhatia analysis the banking sector.   
Top Tweets
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