Page 39 - Technical Analysis

Trend to remain positive for Gold above Rs 54,040; Silver 66,940

On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.

Strong support for Nifty seen at 17,850; Buy the dips, suggests chart

The options data indicates that the Nifty may look to hold on the 18,000-mark till expiry, given the high OI at the 18,000 Put.

Pivot point for MCX Crude at Rs 6,300; Natural Gas Rs 441

On the downside, the MCX Crude Oil futures can re-test its recent low around Rs 5,850-level; whereas, the next support for beaten-down Natural Gas contract stands at Rs 401.

Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589

On the downside, Rs 5,850 seems to be a good support for Crude Oil; Whereas Natural Gas futures have multiple supports as per the daily chart.

Gold futures likely to re-test Rs 55,550; Silver on course to Rs 71,350

The bias for the remainder of December is likely to remain bullish as long as Gold futures trade above Rs 53,850. Meanwhile, near support for Silver is seen at Rs 67,500 - Rs 67,350 levels.

Nandish Shah recommends this F&O strategy in Bank Nifty for 22-Dec expiry

The derivative analyst from HDFC Securities recommends to Buy Bank Nifty 43,500 Call and simultaneously Sell 44,000 Call for the weekly expiry ending on 22-December.

Here's why MCX Crude Oil can crack to Rs 4,800-level; Natural Gas Rs 280

The MCX Crude Oil and Natural Gas futures seem to be placed on a slippery ground on multiple time-frames, as per the charts.

Tata Coffee, CCL Products: Tea, Coffee stocks to brew more gains in 2023

After a breakout, stocks like Tata Coffee, CCL Products, Jay Shree Tea & Industries and McLeod Russel India may easily see up to 20 per cent gains

CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher

Most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong on technical charts, looking to rally up to 16 per cent

MCX Crude Oil futures likely to consolidate, Rs 6,200 seen as major support

On the upside, the MCX Crude Oil December futures can test Rs 7,200 to Rs 7,400 levels during the consolidation phase.

LIC trims stake in large-caps: Check how Sun Pharma, Maruti look on charts

The technical outlook for Sun Pharma and Maruti remains bullish, while the trend for Bajaj Auto is looking weak on charts. Power Grid, meanwhile, needs to overcome the hurdle of Rs 240 level

'Buy the dips' in MCX Gold; Silver needs to hold Rs 60,100, charts show

On the upside, the MCX Gold December futures can retest it's last week high of Rs 53,200.

As Sensex struggles at 62,000, Nifty at 18,500, here's what can happen next

The BSE Sensex and NSE Nifty 50 have scaled fresh life-time highs in the last five straight years; charts suggest that the trend may continue this year.

Strong support for MCX Crude Oil seen at Rs 6,850, Natural Gas at Rs 475

On the upside, MCX Crude Oil November futures can jump to Rs 7,250-level, whereas Natural Gas futures can gain momentum above Rs 510-level.

MCX Gold may scale Rs 53,350 as trend turns positive; Silver eyes Rs 63,725

The near-term support for MCX Gold futures now shifted higher to Rs 52,000-level, whereas Silver futures likely to seek support near 200-DMA at Rs 60,800.

ACC, UltraTech Cement, Ramco: Here's how cement stocks look on the charts

Except Ambuja Cements, Ultratech Cement, Ramco Cements, and India Cements need to surpass crucial key levels to lead to a rally ahead

Upside for Gold capped around Rs 52,570; Silver to test hurdle at Rs 60,800

The MCX Gold futures are likely to face resistance around Rs 51,135, above which the up move may still be capped at Rs 52,570. Silver futures have failed to sustain above the 200-DMA since late April.

Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside

Raymond zoomed 3 per cent on Friday to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session.

Upside for crude oil capped at Rs 7,700; Natural Gas faces hurdle at Rs 492

On the downside, the MCX Crude Oil futures have near support at Rs 7,205 and Rs 7,027 levels. Meanwhile, if Natural Gas futures sustain above Rs 492, they can rally past the Rs 535-level.

MCX Gold, Silver futures may stay rangebound; check key levels here

The MCX Gold futures may seek support around Rs 50,075 this week, whereas Silver futures if sustain above Rs 58,150, can potentially rally towards Rs 60,870-level.