Gold prices have continued to rise at the start of the week after hovering in the $1945 area as covid cases continue to increase in the Shanghai region despite the lockdown announced by the Chinese government.
Stock Recommendations: Reiterates ‘buy’ and target price to Rs 4,240
TCS Well Placed To Leverage Sector Growth, But Margins May Remain Under Pressure.
MCX Weekly Research Report, 11 To 15 April 2022 By Neal Bhai [11-04-2022]
MCX Top 3 Commodities MCX Weekly Research Report, 11 to 51 April 2022, Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.
Nifty Future Target is seen at Levels 18,000+ | Neal Bhai Reports
This is what last week’s column closed with: “Prices have moved along some but not much. Hence the stop may have to stay in that zone yet. The gap zones at the 16,800-17,000 area would provide the first of the dip-buy area in the week ahead.”
Buy Nifty Between 16,800 to 17,000 | Neal Bhai Reports
Nifty Under Buy on Dips: Being long in the market last week helped, as the benchmark index did move higher and fared reasonably. It was not all smooth sailing as intra-week volatility was visible. But bite was missing in the selling and sentiment repair was evident from the fact that the market made an attempt to move higher every chance it got, and breadth too was fairly broad-based.