IGI Logo

Published on 27-04-2026 12:43 pm

Sumeet Bagadia’s Desk:Buy GOLDM|05MAY26 in Commodity @ 151180 SL 150860 TGT 151820.00

For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimerSEBI Registration no.: INZ 000160131

Published on 27-04-2026 12:39 pm

Energy Outlook

* NYMEX Crude oil is likely to trade with positive bias as peace talks between US and Iran stalled again over weekend. Moreover, hopes of diplomatic breakthrough is fading as efforts to revive talks stalled and both nations shows little sign of softening. US President Donald Trump scrapped a planned visit by his envoys and said Iran can call for talks. Additionally, prices may rally on supply concerns as shipping activity through the Strait of Hormuz, remained limited. US navy is maintaining its blockade of Iran’s ports and shore, which Iran consider as act of war. Meanwhile, Israel and Lebanon extended their ceasefire for 3 weeks.

* MCX Crude oil May is likely to rise towards Rs.9100-Rs.9300 level as long as it stays above Rs.8650 level.

* MCX Natural gas May is expected to rise towards Rs.263-Rs.270 level as long as it stays above Rs.247 level.

Click Here :- https://tinyurl.com/kxdb6w3b

Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631

Published on 27-04-2026 12:38 pm

Base Metal Outlook

* Copper prices are expected to trade with negative bias amid firm dollar and pessimistic global market sentiments. Market sentiments are hurt as US-Iran peace negotiation stalled again over weekend, leaving shipping blocked in Strait of Hormuz. Additionally, copper may face headwinds from inflation concerns as it may prompt tighter monetary policy in major economies, alongside growth risk that may hurt demand for industrial metal. Meanwhile, sharp fall in prices may be cushioned on prospect of stronger demand in China and restocking activity ahead of labor day holiday. Yangshan copper premium, a gauge of China's appetite for imported materials, stood at $67 a ton, signaling demand.

* MCX Copper May is expected to slip towards Rs.1280 level as long as it stays below Rs.1310 level. A break below Rs.1280 level prices may be pushed towards Rs.1275-Rs.1270 level

* MCX Aluminum May is expected to rise towards Rs.378-Rs.380 level as long as its stays above Rs.370 level. MCX Zinc May is likely to face stiff resistance near Rs.352 level and slip towards Rs.344 level

Click Here :- https://tinyurl.com/kxdb6w3b

Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631

Published on 27-04-2026 12:38 pm

Bullion Outlook

* Spot Gold is likely to slip towards $4600 level amid firm dollar and rise in US treasury yields. Further, prices may slip as attempts to revive peace talks between US and Iran faltered after US President Donald Trump cancelled a planned trip by top envoys and Iran reiterated that it would not engage in talks under blockade. Investors are worried that stalled peace talk between US and Iran may escalate the situation in Middle East again and permanent ceasefire between both parties will take longer to reach. Moreover, ongoing blockage in Strait of Hormuz, refueled concerns over rising inflation and monetary tightening across major economies. Meanwhile, Justice Department decided to close its investigation into Federal Reserve Chair Jerome Powell making way for the confirmation of Kevin Warsh

* MCX Gold June is expected to face resistance near Rs.154,000 level and slip towards Rs.151,000-Rs.150,000 level.

* MCX Silver May is expected to slip towards Rs.240,000-Rs.238,000 level as long as it stays below Rs.247,000 level

Click Here :- https://tinyurl.com/kxdb6w3b

Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631

Published on 27-04-2026 12:36 pm

SELL SILVER MAY @ 247000 SL 249500 TGT 243500-241500. MCX

Click Here :- https://tinyurl.com/b8kehsvp

(Disclaimer: https://bit.ly/2ziDavw)