Momentum indicators show a positive trend; Nifty is above its long-term and short-term moving averages; the index formed a black candlestick on the daily chart, closing below the previous day’s close, indicating a negative bias.
According to Nifty Technical Outlook on June 10, momentum indicators suggest a positive trend as Nifty remains above its long-term and short-term moving averages.
Retail inflation data and earnings crucial; profit booking Continues; positive global cues; crude oil rising; gold expected to increase on interest rate hopes
To increase the robustness of the investment portfolio, include gold and silver in the mix; additionally, gold serves as a good hedge against inflation