Economy

MCX Gold support at Rs 47100; geopolitical factors, rising energy cost to impact precious metals

At MCX, Gold February prices have near term resistance at Rs 47800 per 10 grams and support at Rs 47100 per 10 gram By Tapan Patel Commodity prices traded mixed with most of the commodities in the non-agro segment witnessing selling except energy complex. Crude oil prices rallied nearly 5% on strong demand outlook and …

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Rupee likely to depreciate on muted Asian market, USDINR pair to trade sideways in this range

The rupee is expected to depreciate on muted Asian market and elevated crude oil prices. USDINR (January) is expected to trade in a range of 74.30-74.60. The Indian rupee settled at Rs 74.27 againsts the US Dollar on Friday. Last week, the local unit was rangebound to close at 74.31 against the greenback. In the …

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Nifty to hit 18200 in coming weeks, strong buying in Bank Nifty at 36500; Reliance, SBI top money making bets

For the coming week, Nifty 50’s downside remains cushioned around strong support of 17500 levels By Dharmesh Shah Equity benchmarks kick started the CY22 on buoyant note amid firm global cues. The Nifty ended the previous week at 17812, up 2.6%. The Nifty midcap, small cap indices performed in tandem with the benchmark by gaining …

Nifty to hit 18200 in coming weeks, strong buying in Bank Nifty at 36500; Reliance, SBI top money making bets Read More »

Nifty could be inching towards 18400-18600 for new all-time high; ICICI Bank, Asian Paints top bets

Considering the overall chart structure, we are expecting the index to inch higher towards a new life high. Now it has to hold above 17500 zones, for an up move towards 18000 and 18400-18600 zones. By Rahul Shah Markets cheered the New Year as equity benchmarks logged the best week in four months to start …

Nifty could be inching towards 18400-18600 for new all-time high; ICICI Bank, Asian Paints top bets Read More »

Nifty to reach 18400 if it holds above 18000, Bank Nifty may hit 39100 this week; TCS, Infosys in focus

Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy. By Rajesh Palviya On the weekly chart, the Nifty 50 index formed a long bullish candle forming higher High-low compared to previous week and closed above the previous week’s high indicating positive bias. The …

Nifty to reach 18400 if it holds above 18000, Bank Nifty may hit 39100 this week; TCS, Infosys in focus Read More »