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Read more about Trading strategies for nickel and copper by Tradebulls Securities on Business Standard. Nickel has made harami candlestick formation after sharp red candle, indicating selling momentum has subsided
Gold market is taking a nap as the bull market has stalled. Bitcoin is replacing gold s role in the portfolio of many investors, and until that changes, gold will have to share its spotlight with the cryptocurrency. Benchmark 10-year Treasury yields rose to 14-month highs on Tuesday at 1.776 per cent and the US dollar advancing against all currencies were the culprit for gold’s decline. US dollar also found support after news of the collapse of highly leveraged investment fund Archegos Capital. Gold was unable to hold its key support level of $1,700 an ounce on Tuesday. Year-to-date, gold is down 12.5 per cent. We don’t believe rising US yields will go out soon. We expect gold to bounce since it is trading near oversold region but we are not bullish in medium term and sell on rise is recommended.
Nifty at a high, but only 11 stocks are at record levels: A warning or an opportunity?
On February 8, the Nifty for the first time closed above 15,000 and 11 stocks, including names like Adani Ports, Bajaj Auto, & Bajaj Finance, have hit their lifetime highs. February 12, 2021 / 09:43 AM IST
The Nifty50 hit the magical 15,000-mark early this month and hit a fresh record high of 15,257 on February 9 but only 11 stocks in the index have reached their record highs, so far, in the month.
It should not come as a surprise as most stocks are still playing catch up. The 11 stocks that hit their lifetime highs include Adani Ports, Bajaj Auto, Bajaj Finance, Bajaj Finserv, Cipla, HDFC Bank, SBI and UltraTech Cement, data from AceEquity shows