Gold Prices Today Fall for 3rd Day, Down Rs 1,600 per 10 gram

January 10, 2020

Gold and silver prices India today extended their recent losses, tracking a decline in global rates. On MCX, February gold futures prices fell 0.38 per cent to Rs 39,680 per 10 gram, declining for the third day in a row. In three days, gold has lost nearly Rs 1,000 per 10 gram. Silver futures on MCX also fell 0.34 per cent to Rs 46,419. Gold prices in India had surged to a record high of Rs 41,293 per 10 gram. In global markets, gold prices declined today as an apparent easing in US-Iran tensions boosted investors’ appetite for riskier assets. Gold rates fell to $1,551, after a steep decline in the previous session. Reflecting investor sentiment, the holdings SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.5 per cent to 882.12 tonnes on Thursday. Among other precious metals, silver was flat at $17.89 per ounce.
Globally equities have rallied after US President Donald Trump responded to Iran’s missile attacks with sanctions instead of military action. Also, the US House of Representatives passed a resolution on Thursday to stop Trump from further military action against Iran.
Read EquityPandit’s Nifty Outlook for the Week

INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USERMay 31, 2024

May 31, 2024

NIFTY ENERGY closed the previous week on a negative note losing 4.90%.

Technically, NIFTY ENERGY share price will see immediate support at 39,420.17 and immediate resistance would be seen at 41,472.57.

If NIFTY ENERGY share price closes below immediate support of 39,420.17, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 38,584.83 for the week.

On the positive side, immediate resistance will be seen at 41,472.57. Closing above 41,472.57, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 42,689.63 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 37,367.77 on down side and 43,524.97 on up side.

NIFTY ENERGY Previous Week High: 41854.3

NIFTY ENERGY Previous Week Low: 39801.9

NIFTY ENERGY Previous Week Range: 2052.4 Points

NIFTY ENERGY share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type	Value
Resistance 3	43,524.97
Resistance 2	42,689.63
Resistance 1	41,472.57
Support 1	39,420.17
Support 2	38,584.83
Support 3	37,367.77

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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USERMay 24, 2024

May 24, 2024

NIFTY ENERGY closed the previous week on a negative note losing 3.75%.

Technically, NIFTY ENERGY share price will see immediate support at 40,667.72 and immediate resistance would be seen at 42,239.27.

If NIFTY ENERGY share price closes below immediate support of 40,667.72, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 39,700.78 for the week.

On the positive side, immediate resistance will be seen at 42,239.27. Closing above 42,239.27, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 42,843.88 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 39,096.17 on down side and 43,810.82 on up side.

NIFTY ENERGY Previous Week High: 41876.95

NIFTY ENERGY Previous Week Low: 40305.4

NIFTY ENERGY Previous Week Range: 1571.55 Points

NIFTY ENERGY share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type	Value
Resistance 3	43,810.82
Resistance 2	42,843.88
Resistance 1	42,239.27
Support 1	40,667.72
Support 2	39,700.78
Support 3	39,096.17

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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USERMay 17, 2024

May 17, 2024

NIFTY ENERGY closed the previous week on a negative note losing 5.54%.

Technically, NIFTY ENERGY share price will see immediate support at 38,834.10 and immediate resistance would be seen at 41,069.55.

If NIFTY ENERGY share price closes below immediate support of 38,834.10, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 37,365.70 for the week.

On the positive side, immediate resistance will be seen at 41,069.55. Closing above 41,069.55, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,836.60 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 36,598.65 on down side and 43,305.00 on up side.

NIFTY ENERGY Previous Week High: 40368.2

NIFTY ENERGY Previous Week Low: 38132.75

NIFTY ENERGY Previous Week Range: 2235.45 Points

NIFTY ENERGY share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type	Value
Resistance 3	43,305.00
Resistance 2	41,836.60
Resistance 1	41,069.55
Support 1	38,834.10
Support 2	37,365.70
Support 3	36,598.65

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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USERMay 10, 2024

May 10, 2024

NIFTY ENERGY closed the previous week on a negative note losing 5.82%.

Technically, NIFTY ENERGY share price will see immediate support at 38,059.13 and immediate resistance would be seen at 40,428.28.

If NIFTY ENERGY share price closes below immediate support of 38,059.13, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 37,028.82 for the week.

On the positive side, immediate resistance will be seen at 40,428.28. Closing above 40,428.28, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,767.12 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 35,689.98 on down side and 42,797.43 on up side.

NIFTY ENERGY Previous Week High: 40736.8

NIFTY ENERGY Previous Week Low: 38367.65

NIFTY ENERGY Previous Week Range: 2369.15 Points

NIFTY ENERGY share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type	Value
Resistance 3	42,797.43
Resistance 2	41,767.12
Resistance 1	40,428.28
Support 1	38,059.13
Support 2	37,028.82
Support 3	35,689.98

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INDEX OUTLOOK MARKET OUTLOOK NIFTY ENERGY

NIFTY ENERGY Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USERMay 3, 2024

May 3, 2024

NIFTY ENERGY closed the previous week on a negative note losing 2.87%.

Technically, NIFTY ENERGY share price will see immediate support at 40,005.58 and immediate resistance would be seen at 41,190.53.

If NIFTY ENERGY share price closes below immediate support of 40,005.58, then sharp breakdown can be seen. NIFTY ENERGY share price will see major support at 39,440.12 for the week.

On the positive side, immediate resistance will be seen at 41,190.53. Closing above 41,190.53, NIFTY ENERGY share price will see a sharp breakout. Major resistance for NIFTY ENERGY share price will be seen at 41,810.02 for the week.

Trading range for NIFTY ENERGY share price for this week should be between 38,820.63 on down side and 42,375.48 on up side.

NIFTY ENERGY Previous Week High: 41244.55

NIFTY ENERGY Previous Week Low: 40059.6

NIFTY ENERGY Previous Week Range: 1184.95 Points

NIFTY ENERGY share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type	Value
Resistance 3	42,375.48
Resistance 2	41,810.02
Resistance 1	41,190.53
Support 1	40,005.58
Support 2	39,440.12
Support 3	38,820.63

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