Gold vs Nifty 50
Israel-Airan Ceasefire: In the last 6 to 12 months, gold has been invested huge from all over the world. The major reason for this was the growing uncertainty worldwide such as elections in America, Bhurajnical tension, sudden tax change and interruptions in international trade, such as rare meanings and essential raw materials.
At a time when there is uncertainty in the whole world, investors usually bow to “safe haven”, such as gold and US dollars. These properties give stability in difficult times. These things were said by Ranjanu Rajan, the managed account head of Axis Securities.
On Thursday, the price of gold in India's futures market increased slightly, as demand for uncertainty and spot market has increased due to the US-India trade agreement. However, the vigilance of investors was not seen much faster before American job data.
Around 9:05 am, the August delivery gold on MCX was trading at Rs 97,452 per 10 grams on MCX.
Gold vs Nifty 50
Since April 2024, gold has given a great return of about 46.06%, while during this time NIFTY 50 saw a gain of just 13.03%. During this time, the risk of increasing war and interruptions in business has increased the demand for gold as a safe option.
According to Bonanza Senior Technical Analyst Kunal Kamble, “Despite all these global and economic challenges, Nifty has shown strong, which shows that investors are constantly showing interest in Indian shares.” He said that gold has reached the overbot zone on a long -time chart, that is, the new investment at this level may be slightly risky.
Gold usually trades 10% above its 9ma (monthly average), but currently it is 12.19% above, which seems to have a slight decline or stagnation. There are signs of weakness in its chart, he told.
What should be your trading strategy?
According to Vishnu Kant Upadhyay, research head of Master Capital Services, the atmosphere is currently favorable for Indian stock markets – Khaskar Nifty 50 and Sensex Stocks. Positive factors such as strong domestic economy, RBI policy help, good monsoon, foreign investment, falling crude oil prices and attractive valuation of banking-financial sector are strengthening the stock market.
According to him, gold is still a safe option due to the procurement of central banks, a possible cuts in US interest rates and weak dollars. But the prices of gold have increased more now, so it would be better to make partial profits. The money received from this can be invested in Nifty 50 or banking shares. However, little investment should remain in gold so that the portfolio remains safe.
Kunal Kamble of Bonanza also believes that gold is still at a high level and it is possible to have a slight stagnation or decline. On the other hand, Nifty and other shares are in a position to move forward from technical and economic perspective. He said, now is the time to get out of defensive assets like gold and turn towards growth stocks. In the next few quarters, stock markets can give better returns. Strategic investment changes in the right sectors can give good returns.
Source: www.tv9hindi.com
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