INTRADAY TIPS - NIFTY FOR MONDAY 17 September

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GOLD UPDATES :- 

Gold prices touched new all-time high of Rs 32,900 per 10 grams here today, tracking the metal's rally overseas after the US Federal Reserve decided to add further stimulus to boost the world's biggest economy. While gold added Rs 310 to hit the record level, silver rose by Rs 800 to Rs 62,000 per kg. Traders said sentiment buoyed on strong cues from global markets where gold climbed to a six-month high after Federal Reserve unveiled a fresh stimulus plan to help spur the US economy, lifting the metal's demand as a store of value.

SHARE MARKET ON 14 September :-

Equity benchmarks rose over 2% - the highest single day gain in 12 months - to end at seven month highs as investors are viewing the government’s steps on fuel price as a precursor to the Reserve Bank of India cutting policy rates shortly. The 30-share BSE Sensex surged 443.11 points to close 18464.27 and the 50-share Nifty vaulted 142.30 points to finish the day at 5577.65.

NIFTY LEVELS FOR MONDAY 17 Sep

Technically , if nifty breaches 5,390 , further selling up to 5,200 can be seen. On the other hand, a move beyond 5650 could pave the way forward to 5900.

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