Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan, said the index oscillated around the key hourly moving averages and the 20-DMA. “Ultimately, it formed an Inside Bar pattern on the daily chart. The overall structure shows that the index is in short-term consolidation since the last couple of weeks and that is likely to continue going ahead,” he said.
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,