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Technical Analysis | JC Parets Sees Silver Beating Gold
The founder of All Star Charts is, however, bearish on gold and expects silver to outperform the yellow metal in the near future.
23 Nov 2019, 03:43 PM IST 
Silver and gold bars of different weights sit in a display case at the Pro Aurum KG precious metal vaults in Munich, Germany. (Photographer: Michaela Handrek-Rehle/Bloomberg)
JC Parets remains bullish on equities despite global headwinds.
The founder of All Star Charts is, however, bearish on gold and expects silver to outperform the yellow metal in the near future.
Parets expects Nifty 50 to scale 12,800 and Nifty Bank the 35,000 levels in the coming months. The Nifty is facing resistance at 12,000 levels and, according to him, could be in for some consolidation. Among individual stocks, he sees HDFC Bank as the best banking stock in the world. He is also constructive on information technology in the U.S. and India. Infosys Ltd. and Tata Consultancy Services Ltd. are his top picks among the Indian IT.
Watch | JC Parets on where he sees opportunities in Indian market right now.