A decisive break below the 20-day moving average has weakened the near-term technical structure of the Nifty, shifting the risk-reward equation to the downside, says Rupak De of LKP Securities. With volatility spiking and key Fibonacci support levels breached, he sees potential for further corrective moves toward 25,000 unless the index reclaims resistance levels swiftly. […]
India’s stock market inched lower at the open today, as markets paused on thin year-end trading volumes, with analysts saying further upside dependent on earnings momentum. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) At 9:50 am, the 30-share S&P BSE Sensex was trading lower by about 0.25% at 85,200 levels even […]
Gold and silver prices returned to a rally on Diwali day after a break over the Dhanteras weekend, according to data from the Multi Commodity Index. Gold and silver prices have rallied in India on festive demand and strong global cues around Trump’s tariff war. (Bloomberg) MCX Gold price rose as much as 0.97% to […]