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Price as on 12 Jan, 2021 10:48 AM, Click on company names for their live prices.
The markets are feeling toppish at 14,500. While we feel the Nifty can go up to 14,600, traders should exercise caution and book profits at regular intervals. We have good support at 14,200-14,250. On an intraday basis if we can keep above 14,500, we should be able to achieve 14,600 sooner than later.
– Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
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“COMEX gold trades about 0.3% lower near $1845/oz after a 0.8% gain yesterday. Weighing on gold price is gains in the US dollar, rise in bond yields and ETF outflows and progress on the vaccine front. However, supporting price is pause in the rally in the US equity market, concerns relating to the impeachment proceeding of President Trump, rising virus cases and expectations of higher stimulus. Gold may witness choppy trade amid mixed factors however general bias may be on the upside amid choppy equities,” said Ravindra Rao, VP- Head Commodity Research at Kotak Securities.
OPENING BELL: Sensex sheds 130 points, Nifty tests 14,450; IndusInd Bank, SBI decline up to 2%
Pre-open session: Sensex drops 80 points, Nifty tests 14,450
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SGX Nifty signals muted start
Nifty futures on the Singapore Exchange traded 36.5 points, or 0.25 per cent, lower at 14,459.50, in signs that Dalal Street was headed for a muted start on Tuesday.
Tech View: Nifty forms Dragonfly Doji
Nifty50 on Monday scaled a new high and closed near the immediate resistance at 14,500 level. The index formed a higher high for the 13th session in a row. Analysts said nothing concrete on the technical charts suggests the index’s ongoing rally is in danger. If anything, the index formed a ‘Dragonfly Doji’ on the daily chart. Such a pattern is usually seen around potential turning points, which is hinting at a balance of power between the bulls and the bears at the top.
Crude prices edge lower
Crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar. US crude fell 0.1 per cent to $52.19 per barrel and Brent was at $55.61, down 0.68 per cent on the day.
Asian stocks fall on rising virus cases, Washington turmoil
Asian stocks were mostly lower on Tuesday, tracking Wall Street declines as political turmoil in Washington and rising coronavirus cases worldwide weighed on sentiment ahead of the start of the quarterly earnings season. Japan’s Nikkei slipped 0.48 per cent, South Korea’s KOSPI fell 0.91 per cent and Hong Kong’s Hang Seng index lost 0.24 per cent.
Wall Street retreats from records amid political turmoil
US stocks on Monday retreated from records set last week as political…
Go to the news source: sensex today: Share Market Live: Sensex sheds 130 points, Nifty tests 14,450; In…