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Is the yellow metal losing its shine? |
n Chart of the Day: GOLD, severe loss of upside momentum, indicators roll over below signal line on multiple time frames, a larger than usual correction in store
n Nifty prices close below 21 DEMA after a long time, expect weakness to continue, short term traders could play for targets of 5800-5830, use pullbacks to 6050-6100 to add shorts
n Nifty the medium term uptrend remains intact, target 6500
n INR initial targets met, double bottom at 44.05, expect a bounce back till 45-45.5
n Stocks with positive short term view:
n Petronet LNG, Reliance, Infosys, Andhra Bank
n Stocks with negative short term view:
n TISCO, Axis Bank, Sesa Goa, BHEL, Century Textile
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