Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite
The Nifty Energy index is currently consolidating, while, Nifty FMCG has witnessed a temporary technical bounce
The metal, closing 3.22 per cent lower at $2625 on November 25, traded between $2,605 and $2,642 on Tuesday and was down by nearly 0.20 per cent to trade at $2,620 at the time of writing this report
Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions
As North Korea may deploy as many as 100,000 troops to aid Russia's war on Ukraine, increasing the likelihood of North Korea becoming more directly involved in the conflict
The Nifty Financial Services index is trading within a narrow range of 23,500-23,075, meanhwile, the Nifty Bank index is currently trading within a well-defined range of 50,650-49,800
Havells has corrected 25 per cent in the past month, dropping 516 points from its peak of Rs 2,106
The Nifty index, currently trading at 23,532.7, has undergone a sharp short-term correction, pushing it into oversold territory
Rajesh Bhosale of Angel One has recommended one auto stock and one hotel stock
Short build-up is seen in the Nifty Futures on Thursday, where we have seen 4 per cent rise in the open interest with Nifty falling by 0.11 per cent
Ajit Mishra gives trading strategy for November 14, recommends buying 2 stocks and selling one futures
Nifty Metal is currently approaching critical support levels between 8,800 and 8,700, while Nifty Pharma Index shows a clear downtrend on the charts
With China's fiscal stimulus failing to excite investors, Silver is likely to be under pressure in the short term, even gold and copper prices weaken
Spot gold tumbled to the lowest level in nearly 7 weeks on November 12 as investors piled into risk assets on optimism over the US growth prospects with Trump at the helm
Nifty Energy is currently trading near critical support levels, around 37,700 and Nifty FMCG is showing a clear downtrend on the charts, with a key support level anticipated around 55,900
The Nifty IT Index is exhibiting a bullish trend on the charts, while Nifty Auto is indicating that any decisive move above or below 24,250 and 23,250 levels could signal a new trend direction
In the past two months, Grasim has consistently encountered resistance around the 2,800 level, indicating that it struggles to break past this mark
HAL has undergone a corrective phase from its peak of Rs 5,659 towards the 200 SMA on the daily time frame chart, coinciding with the previous breakout zone. In the last couple of trading sessions
The Nifty Pharma Index is currently trading within a well-defined range between 23,800 and 22,700. A breakout above or below these levels will likely trigger a directional move
The Nifty IT Index is currently showing an upward trend on the charts, with the index nearing its weekly resistance levels for this week, which are expected to be between 39,925 and 40,000