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The Indian market is expected to trade higher on Friday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 18,200 level on Thursday. Sectorally, buying was seen in oil & gas, metals, energy, banks and utilities while selling was seen in consumer durables, capital goods, and FMCG stocks. India VIX was down by 3.81% from 15.40 to 14.81 levels on Thursday. Volatility cooled down below 15 and made way for the bulls as we conclude the series. The Nifty50 index surpassed its key hurdle of 18,181 level in the previous trading session which is a positive sign for the bulls. The next resistance for the index is placed at 18,300-18,400 levels, suggest experts. “Nifty formed a Bullish Engulfing candle on a daily scale with long lower shadows indicating support-based buying. It has been making higher highs from the last four sessions and supports are shifting higher,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal

 A roller coaster ride has fewer ups and downs than what the bullion market had in the year 2022. Both the metals, gold and silver, kept the market participants on the edge. Comex Gold has made a high of $1,935 and a low of $1630, while silver, on other hand, made a high of $25 and a low of $18. On a YTD basis, both the metals have a return of -2 percent and 2 percent, respectively, on the internal bourses. According to experts, the precious metals are likely to continue sluggish momentum in the first half of 2023 as this year, making it a good opportunity for investors. Meanwhile, they expect the yellow metal to give stronger returns in the second half of 2023. “The yellow metal has gained marginally (0.5-1 percent) this calendar year in dollar terms. It has gained over 11 percent in rupee terms. The attractiveness of gold is high in a low-interest rate regime. Gold has started giving up gains since the US Fed and other major central banks started hiking rates in May 2022. The rising

Shares of Adani Power Ltd. gained 5.0 per cent to Rs 303.55 in Wednesday's trade. It hit a high of Rs 303.55 and low of Rs 291.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 303.71, while the 50-DMA was at Rs 326.98. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way. The stock traded below the signal line of momentum indicator moving average convergence divergence, or MACD, signalling a bearish bias on the counter. The MACD is known for signalling trend reversal in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. O