Nifty’s short-term trend remains downward, with potential for further weakness. The next key support level to watch is around 23,500, aligning with the 200-day EMA. Any rebound from this level is likely to encounter strong resistance near 24,200, according to Nagaraj Shetti of HDFC Securities.
Kalyan, Titan, other Jewellery stocks rally up to 5% on Dhanteras 2026. How is yellow metal placed this festive season?
Jewellery stocks rallied ahead of Dhanteras 2026 as investors anticipated stronger precious metal demand. Meanwhile, brokerages see opportunities in gold and silver following their recent