The Nifty has surpassed 17,000 and should go towards 17,300 next. If 17,300 is surpassed, we should not rule out 17,800. 17,800 should be a major resistance. The recent upmove comes on the back of short-covering and appears more like a technical bounce.
Gold, silver hit all-time high on Diwali demand
Gold prices reached a new high of Rs 80,650 per 10 grams in the national capital. Silver also rose significantly by Rs 5,000 per kg,