Praveen Singh, head of currencies and commodities at Mirae Asset Sharekhan, has shared his outlook for the yellow metal
Short term trend is positive as it is placed above its 5, 11 and 20 day EMA Stock price has broken out on the weekly chart with higher volumes
Ruchit Jain, head of equity technical research, wealth management at Motilal Oswal Financial Services has recommended buying Nykaa, Aadhar Housing Finance, Marico stocks today
Ajit Mishra, Senior Vice President - Research at Religare Broking, has recommended buying shares of NTPC, Exide Industries, and Marico today
In ultra short-term, spot silver is likely to be under pressure on reduced safe haven demand and a firmer US Dollar
Gold is under pressure from geopolitical factors as traders expect that the US-driven peace efforts may lead to a breakthrough in the Ukraine war talks
Vinay Rajani, senior technical and derivative analyst at HDFC Securities, has recommended buying Groww Nifty India Railways PSU ETF, and Edelweiss BSE Capital Markets & Insurance ETF
Shrikant Chouhan, head of equity research, Kotak Securities remains bullish on Aadhar Housing Finance, and Amber Enterprise
With inflation easing, borrowing costs falling, and recent income tax relief bolstering household savings, a clearer turnaround is expected in the second half of the fiscal year
Grasim has taken support at its rising trendline and rebounded with a strong bullish candle backed by volumes, reflecting buyers' interest at key support levels
Stocks to buy today: Manappuram Finance MANAPPURAM) has demonstrated a robust recovery in the last couple of trading weeks and has now surpassed all major EMAs on the daily chart
Long build up is seen in the Nifty Futures during the week, where Open interest rose by 2.5 per cent along with price rise of 1 per cent
After an extended consolidation within a rectangle pattern, the Indian Bank stock broke out above the upper resistance band, signaling the start of a fresh uptrend.
Silver trading strategy: Healthy risk appetite on US-China trade truce extension and surging risk assets would continue to support the metal into the dips.
Gold trading strategy: In the near-term, safe haven demand is somewhat subdued due to US-China trade truce extension and hopes from the upcoming US-Russia meeting in Alaska.
The 24340 level, where recent swing lows were registered, continues to be the support for the Nifty. On the upside, today's high of 24702 will now act as a short-term resistance level.
Key growth drivers include India's sizeable underutilised manufacturing base-currently operating at only 20-25 per cent of its ~18GW annual WTG capacity-and strong domestic engineering expertise.
Deal-win momentum continues for Indegene; expect improvement in client-specific issues in FY27.
From the April swing low near 1180 to the June peak around 1700, the Tech Mahindra stock saw a strong rally, followed by a month-long price correction.
Gold faces a strong resistance at $3420 (₹102,300 at INR/USD rate of ₹87.43) as posed by the 4-month-old trendline.