Sneha Seth from Angel One advises traders to stay light as Nifty may correct further below the 22,000 mark. The banking index shows support around 48,000 and resistance near 50,500. Godrej Consumer Product is recommended for buy positions with a target of 1220.
As safe-haven gold surges again, loan demand to also shoot up
Gold loan companies expect a significant increase in demand. Record gold prices, fueled by geopolitical tensions, are driving this trend. MSMEs and individuals are likely