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GOLD WAIT FOR FEW UPSIDE Last week we predicted that Gold will touch 2356$ on lower side & 2439$ higher side. It actually touched 2353$ on lower side and 2432$ on higher side. Our Spot #Gold Range Prediction from 29/07/2024 to 02/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2355$-2451$ Gold INR : 67400-70150 Our Spot #Silver Range prediction from 29/07/2024 to 02/08/2024 is as under. Silver Spot: 27.55$-29.44$ Silver INR: 80200-85600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDQ2024Long
by santoshshukla1996
1
Some tips for beginners to get started in stock marketHere are some tips for beginners to get started in the stock market and for those looking to become pro traders--------- Start with the basics: Before diving into the stock market, make sure you have a solid understanding of the fundamentals of investing, such as how the stock market works, how to read financial statements, and the different types of investment vehicles available. Set realistic goals: Determine your investment goals and risk tolerance to create a portfolio that suits your needs. Keep in mind that investing is a long-term strategy, and it's essential to have patience and discipline. Do your research: Conduct thorough research on the companies or sectors you plan to invest in. Look for companies with strong financials, a competitive advantage, and a clear growth strategy. Diversify your portfolio: Diversification is key to managing risk in the stock market. Invest in a mix of stocks, bonds, and other assets to spread your risk across different sectors and industries. Keep an eye on the market: Stay up-to-date with the latest news and trends in the stock market. Monitor your investments regularly and be prepared to make adjustments if necessary. Learn from your mistakes: Investing involves risk, and it's normal to make mistakes. Use your losses as an opportunity to learn and refine your strategy. Consider professional help: If you're new to investing or don't have the time or expertise to manage your portfolio, consider working with a financial advisor or a robo-advisor to help you make informed investment decisions. Keep emotions in check: It's easy to get caught up in the emotions of the market, but it's essential to maintain a level head and stick to your investment strategy. Have patience: Successful investing takes time and patience. Avoid chasing quick gains and focus on long-term growth. By following these tips, beginners can start building a solid foundation for investing in the stock market, while more experienced traders can refine their strategies and continue to grow their portfolios.
NSE:TCSEducation
by zeeshankra
1
One of the most active stocks in NIFTY50Power Grid Corp. of India Ltd one of the most active stocks in NIFTY50, from the last few months it continues the up trend and look into the daily chart it clearly respecting the trend line. 28th sep the price action was formed Break out(180) with good volume. It created a new high at (209). After it came back and retested the line it indicated strength (180) level and moved higher till (216) with strong Upside Momentum created new high(216).Now price is testing the alternative support zone (202). Take a Look at the Price Action Analysis of Power Grid Corp on 1D Chart Now the positive clues can influence the stock prices. Another important reason is to consider the volume. So far we haven’t noticed any strong increase in the Volume, in fact, we are experiencing lower than average volume which technically means overall trading activity is very low. In order for stock prices to make significant movements either to the upside or downside, we want to see a Strong increase in the Trading Volume. Based on Price Action and recent observations, Prices are likely to move up Any Breakout at the resistance zone without significant momentum or Volume can turn into a False Breakout or Bear Trap. On the other hand, any positive news Change in the Direction of Nifty 50 can change the Overall price action, and as a result, prices could break the new high and move higher. In my perspective ,Keep an eye on the Price Action, watch out for the Market Behaviour at the new high around (215) and make decisions accordingly.
NSE:POWERGRID
by Manuadarsh