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Why Gold stocks are up? | Gold flat | CA Rachana Ranade

The creator discusses Nifty levels, noting that the market has recovered above the crucial 24,000 level and is currently trading above 24,300. They identify 23,800 as a strong support and observe an ascending triangle pattern, suggesting the range is narrowing and a breakout is imminent. The creator also mentions that gold stocks are up while gold is flat.

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HDBNeutralLow ConvictionResearch Only

Regarding HDFC Bank's safety, the creator acknowledges it as one of India's biggest banks but notes that stock prices can be volatile.

NODKNeutralMedium ConvictionSignal-backedSecondary

Nifty is currently trading within a range and needs favorable conditions like lower oil prices and a strengthening rupee to break out, with potential positive influence from FII buying.

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