Basis the Chart formations & relative strength modelling, Sudeep Shah expects Oil & Gas, Auto, PSU Bank, Pharma, IT & Defence space to continue outperforming the broader indices in the coming few weeks.
NTPC formed bullish candlestick pattern on the daily timeframe with above average volumes, continuing uptrend for three days in a row. The stock traded well above all key moving averages which is a positive sign.
Gold price (XAU/USD) continues its five-day losing spell on Wednesday as hot United States inflation data suggests the Federal Reserve (Fed) will hold back from cutting interest rates at its monetary policy meeting in May.
Gold price (XAU/USD) faces a sell-off as the United States Bureau of Labor Statistics (BLS) has reported stubborn Consumer Price Index (CPI) data for January.