IGI Logo

Gold LBMA Spot

Choppy with mild negative bias expected if prices are unable to break the resistance of $1780. However, major support is placed at $1680.

Silver LBMA Spot

There are chances of corrective selling as long as $22 caps the upside. A direct rise above would trigger further rallies.

Crude Oil NYMEX

While prices stay below $86 there are chances of extension of selling pressure. Further rallies are expected only a break above $91.

Gold KG Dec

It is required to break and sustain above Rs 53000 to extend rallies. Else, there are chances of corrective selling for the day.

Silver KG Dec

While prices stay below the Rs 63000 there are chances of corrective selling pressure. Anyhow major support is placed at Rs 60000.

Crude Oil Nov

Prices remains choppy initially. A direct drop of Rs 6800 is an early sign of liquidation pressure. Else, recovery upticks are on the cards.

Natural Gas Nov

Further selling pressure is seen only a break of the stiff support of Rs 468. Inability to do the same may see recovery upticks.

Copper Nov

Buying interest can be seen only a break above Rs 710. Else, prices most likely on the corrective selling mode for the day.

Nickel Nov

There are chances of fresh buying interest in the counter. But it is expected a volume less trade near term.

Zinc Nov

Buying pressure would continue while prices stay above Rs 270. A direct drop below Rs 255 is a sign of weakness.

Lead Nov

Expect a choppy trade initially. However, as long as prices stay above Rs 183 there are chances of an uptick in near future.

Aluminium Nov

Further rallies are seen only a break above Rs 210. Inability to move past the same may see corrective selling pressure.

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