Share Market Jitters: Gold-Silver Profit Booking, Budget Volatility Ahead
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Moneycontrol•30-01-2026, 09:26
Share Market Jitters: Gold-Silver Profit Booking, Budget Volatility Ahead
- •Gold and silver experienced extreme volatility, with silver falling 23% intraday before recovering, signaling potential trend reversals.
- •FIIs showed significant selling, offloading ₹7868 Cr in cash and futures combined, indicating a bearish sentiment.
- •Nifty formed an 'outside day' after a rally, often a sign of reversal, while Brent crude crossing $70 adds to market concerns.
- •Experts advise cutting positions and booking profits due to high volatility expected before and during the upcoming budget.
- •Today's trading is deemed risky, with advice to square off all intraday positions and avoid fresh trades without solid confirmation.
Why It Matters: High volatility, FII selling, and budget uncertainty make today's market risky; cut positions and book profits.
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