But trades below 48800 would be an early sign of intraday weakness and such move may grab price lower - Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
BULLION
GOLD
Intraday move likely to persist towards the north. But trades below 48800 would be an early sign of intraday weakness and such move may grab price lower.
SILVER
Ensuing buying sentiments may largely to continue in the coming session. But a vertical fall below 68800 may grab price lower.
ENERGY
CRUDEOIL
Prices still trapped in the previous day’s consolidation range. Although, dip below 3770 may squeeze down prices lower. Inability to challenge below 3770 may push prices higher.
NATURAL GAS
As long as prices remained above 193.50 could expect prices to turn higher. But slippage below the same may squeeze down prices lower.
BASE METALS
Copper
Prices clearly held the Bollinger lower band level of 593.50 region. If this region remained undisturbed could expect price to trade higher
NICKEL
Prices likely to trade downside trajectory towards 1269 or even lower. However, a decisive trades above 1295 could boost prices higher.
BASE METALS
Zinc
Slippage below 202.70 may bid further selling in the coming session. Else hold the same for prices to boost higher.
Lead
Major buying may withstand only above 162.20 region. Inability to mark trades above the same may squeeze down prices lower.
BASE METALS
Aluminium
Prices possibly to trade lower in the upcoming session towards lower. Nevertheless, convincing trades above 162.80 may push prices higher
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
