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Global tensions, particularly the Israel-Iran war and the ongoing Ukraine-Russia conflict, have fueled a surge in gold prices. Spot gold neared a record $3,451 per ounce, while domestic futures tested Rs 99,929 per ten grams. Investors are seeking safe-haven assets amid geopolitical uncertainty and concerns about inflation.
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Seven mutual funds, including index, small cap, thematic, ETF, and FoF schemes, will open for subscription between June 2327, aiming to diversify offerings and attract varied investor interests.
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Nifty50 closed the week with a gain. Wealthview Analytics' time-based analysis showed precision. Key resistance and support levels played crucial roles. Traders should watch June 24-26 for a potential reversal. Intraday time slots are provided for possible reversals. Crucial support and resistance levels for Nifty are identified. Tactical traders can expect opportunities this week. Risk management is essential.
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