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The overall trend looks positive for the Nifty index, Vidnyan Sawant of GEPL Capital expects the Nifty to move higher till 19,800 followed by 20,060 levels in the coming future.
Gold price (XAU/USD) has displayed a stellar run as the United States Bureau of Labor Statistics has reported softer-than-expected June Consumer Price
V-Guard Industries, a household appliance company, has seen a significant rally in its stock price, reaching a new record high. Technical analysis reveals an inverted head and shoulder pattern, indicating a potential continuation of the upward trend. The stock is trading well above key moving averages, and the RSI suggests an overbought condition, implying a possible pullback. The MACD indicator is also bullish. Experts predict further price increases, with a target level of Rs 340 and a stop loss at Rs 255.
The benchmark Nifty is likely to march towards 19,300-19,500 levels in coming days, as long as it holds the 19,000 mark, which is an immediate support, then 18,800 levels, experts said
Indian benchmarks ended higher on Wednesday, with BSE Sensex climbing 85 points to 63,228, and Nifty advancing 39 points to 18,755. Metals and oil and gas were top gainers, while Financial Services, banks, capital goods, and IT were laggards. Paytm rose 2%, Tata Consumer Products increased 5.17%, and Anupam Rasayan dropped 0.39%. Experts recommended buying Paytm and Tata Consumer and selling Anupam Rasayan. Paytm and Tata consumer are expected to continue their positive momentum, while Anupam Rasayan may further decline towards Rs 900.