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Intraday Technical Outlook

Gold LBMA Spot

Choppy trading with mild recovery bias expected initially. A direct drop below $1600 would liquidate prices further.

Silver LBMA Spot

Recovery upticks can be seen only a break above $19.50. Inability to do so may see corrective selling pressure.

Crude Oil NYMEX

Stiff support of $81.50 needs to be cleared for continuation of selling pressure. Else, there are chance so of recovery upticks to continue the day.

Gold KG Dec

Immediate upside turnaround point is placed at Rs 51500. Inability to move past the same expect choppy with mild negative bias.

Silver KG Dec

Prices remains choppy inside Rs 54800-58500 levels initially. Breaking any of the sides would suggest fresh directional moves.

Crude Oil Oct

Choppy with mild upticks are likely if the support of Rs 6900 hold the downside. Major rallies are expected only a break above Rs 7280.

Natural Gas Oct

If unable to break the support of Rs 410 there are chances of recovery upticks. A direct drop below the same is a sing of liquidation.

Copper Nov

Prices remain choppy inside Rs 670-635 levels and breaking any of the sides would suggest fresh directional move for the day.

Nickel Nov

Volume less trades inside Rs 1720-2250 levels likely to continue in near future.

Zinc Nov

A direct break above Rs 276 is needs to continue rallies. Else, there are chances of corrective selling pressure.

Lead Nov

It required to break above Rs 183 to continue rallies. Inability to do so may see corrective selling pressure for the day.

Aluminium Nov

A direct dip below Rs 195 would extend weakness for the day. If it hold the support there are chances of recovery upturn.

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