IGI Logo

Gold LBMA Spot

Upticks likely to continue as long as prices stay above $1920.A direct drop below $1860 is a sign of weakness.

Silver LBMA Spot

Rallies may continue while prices stay above $22.10. An unexpected dip below $20 could negate the trend.

Crude Oil NYMEX

A direct break above $70 expect recovery upticks to continue the day. Inability to do so may see choppy with corrective selling pressure.

Gold KG Apr

As long as prices stay above Rs 58500 outlook remains on the positive side. A close below Rs 57900 would trigger corrective selling pressure.

Silver KG May

Immediate resistance is seen at Rs 70000. Inability to move past the same may see choppy with corrective selling pressure.

Crude Oil Apr

As prices turned above Rs 5600 expect recovery rallies. A direct drop below Rs 5350 is a sign of weakness.

Natural Gas Mar

Weak bias remains on the cards as long as prices stay below Rs 200. A direct rise above 216 would trigger recovery rallies.

Copper Mar

Consistent trades above Rs 763 is needed to trigger another round of rallies. Else, choppy trading is on the cards for the day.

Nickel Mar

Expect choppy with thin volume trading in the near future.

Zinc Mar

Further selloffs are seen only a break of Rs 252. Inability to cross the same may see recovery upticks for the day.

Lead Mar

Prices needs to cross and sustain above Rs 184 to continue rallies. If not expect choppy with negative bias trading.

Aluminium Mar

As long as the support of Rs 200 holds, expect recovery pullback. A direct drop of which would trigger liquidation 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