Nifty Bank index began today’s session lower at 61,146 compared to last week’s close of 61,172. However, it recovered after opening and is now trading at 61,320, up 0.25 per cent so far. The advance-decline ratio stands at 10-4 now, showing a bullish bias. Union Bank of India (up 2.7 per cent) and Axis Bank (up 2.4 per cent) are the top gainers. At the other end, IDFC First Bank tumbled 17 per cent and is the top loser. This is followed by AU Small Finance Bank, down 6.4 per cent.Nifty PSU Bank has advanced ...

Core Viewpoint - The gold market remains in a bullish trend as long as it stays above the 20-day average, currently at $4,154, with a key resistance level at last week's high of $4,264 indicating potential for further upside [1][5] Group 1: Bullish Indicators - Sustained trading above the 20-day average suggests continuation of the bullish trend, with strong demand indicated by the 50-day average not being reached during recent pullbacks [1] - The recent correction in gold prices has been contained near the top of two rising trend channels, indicating market strength despite a failed breakout [3] Group 2: Support Levels - If gold prices drop below the 20-day average, the next key support level is the 50-day average at $4,097, which has not been tested since the August breakout [2] - A breach below the 50-day average would signal a bearish trend and risk a deeper correction in the near term [2] Group 3: Price Targets - A breakout above the swing high of $4,264 targets an initial measured move to $4,356, with further upside potential reaching $4,381 and a 127.2% measured move projection at $4,454 [4] - The overall outlook remains bullish as long as the 20-day average holds, with initial defense at the 50-day line and further support from the channel top and centerline [5]

Group 1: Stock Performance - Nike Inc. has experienced a significant decline, down 30.16% over the past year and 17.85% in the last month, currently trading at $64.95, which is at the bottom of its 52-week range [1] - The stock is below all key moving averages, with the Moving Average Convergence Divergence (MACD) at -2.34 and the Relative Strength Index (RSI) at 26.93, indicating oversold conditions [1] Group 2: Business Fundamentals - Nike has warned of a double-digit sales decline in its fourth fiscal quarter, attributed to tariffs, weak consumer confidence, and a sluggish turnaround strategy [2] - Sales during the critical holiday quarter fell by 9%, primarily due to weak demand in China [2] Group 3: Inventory and Margins - The company is dealing with excess inventory and outdated styles, leading to markdowns that negatively impact margins [3] - Nike anticipates a gross margin shrinkage of up to five percentage points in the current quarter as it works to clear the backlog [3] Group 4: Market Outlook - The stock is in a bearish trend, influenced by weak fundamentals and deteriorating technical indicators [4] - While the oversold conditions indicated by the RSI may lead to a short-term bounce, the overall downtrend persists until sales and margins improve [4]