Gold Forecast: Bullion Prices corrected sharply in the last session as the dollar pared losses while investorsfocused on the outcome of the US Senate run-off election in Georgia. Therefore, that gold prices outlook will remain in the range between Rs 50300 — Rs 51300 levels in the short-term.
India’s stocks rose on the last trading day of the week, with the benchmark index clocking its longest stretch of weekly gains since January 2018, as investors favored prospects for economic growth against risks posed by a new virus strain.
BUY ESCORTS NEAR 1387 TRG 1405-1420 SL PAID. The company’s overall sales registered a growth of 33% from 7,642 tractors sold in November 2019.
FUTURE — SELL MUTHOOTFIN 1150 TARGET 1130-1100 SL PAID. Muthoot Finance announces ratings action by Moodys Investors Service
BUY BANKNIFTY 29400 PE 370 TARGET 600-860 SL PAID
A 50% month-on-month increase in net long positioning for FIIs in index futures has led to an expansion of rollover basis across the board this month. This has accompanied a 14% increase in market-wide open interest in single stock futures. Hence, sentiment going into December series is quite bullish.
FUTURE — SELL BHARTIAIRTEL 471 TARGET 458-445 SL PAID. In September 2020, total wireless subscribers stood at 1,148.58M compared to 1,147.92M in August 2020.