Daily Technicals

Stock Market Today: At 6:50 AM, GIFT Nifty Futures were down 148 points at 22,536, hinting at a gap-down start

Nifty FMCG: The range-bound movement of Nifty FMCG, within a defined range of 58,025 to 55,625, reflects a lack of clear directional bias for the index

Long build up is seen in the Bank Nifty futures where we have seen 3 per cent rise in the open interest with it rising by 1.07 per cent

Stock Market Today: The Nifty FMCG Index is currently trading within a crucial range of 58,050 - 55,675, and any breakout above or below this range will likely trigger significant directional momentum

Stocks to Buy Today: M&M stock has shown a relative outperformance to other auto stocks in the recent past and is now on the verge of a breakout from the consolidation phase

Crude prices moved higher Monday on the prospects for additional stimulus measures in China that could revive economic growth and energy demand

Additionally, the counter has surpassed its recent swing high, coinciding with earlier breakout zones, backed by rising volumes

Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day

The price has breached out of a consolidation zone and has given its highest daily close ever.

Emami has broken out of a bearish trendline, suggesting that downward pressure has been alleviated, paving the way for a potential bullish move

Bhosale picked one banking stocks and one IT stock to buy on December 2, 2024

Bhosale picked one banking stock and one IT stock to buy on December 2, 2024

As industrial commodities remain under pressure due to lack of China's fiscal stimulus and concerns over trade friction, silver will rely on geopolitical development for its upward traction

Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite

The Nifty Energy index is currently consolidating, while, Nifty FMCG has witnessed a temporary technical bounce

The metal, closing 3.22 per cent lower at $2625 on November 25, traded between $2,605 and $2,642 on Tuesday and was down by nearly 0.20 per cent to trade at $2,620 at the time of writing this report

Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions

As North Korea may deploy as many as 100,000 troops to aid Russia's war on Ukraine, increasing the likelihood of North Korea becoming more directly involved in the conflict

The Nifty Financial Services index is trading within a narrow range of 23,500-23,075, meanhwile, the Nifty Bank index is currently trading within a well-defined range of 50,650-49,800

Havells has corrected 25 per cent in the past month, dropping 516 points from its peak of Rs 2,106