IGI Logo

Gold LBMA Spot

Choppy trading expected initially. However, inability to break the support of $1815 there are chances of recovery upticks.

Silver LBMA Spot

Prices remain choppy inside $22.50-20.50 levels and breaking any of the sides would suggest fresh directional moves.

Crude Oil NYMEX

As prices stays above $107 it may extend pullback rallies. A direct drop below $106 is a sign of weakness.

Gold KG Aug

Recovery bias expected only a break above Rs 51200. Meanwhile, consistent trades below Rs 50200 is a sign of major liquidation.

Silver KG Jul

Broad sentiment remains on the weaker side. Consistent trades above Rs 62000 is a sign of reversal

Crude Oil Jul

Consistent trades above Rs 8800 would extend rallies. Else, there are chances of corrective selling pressure for the day.

Natural Gas Jun

As prices recovered and stable above Rs 512 recovery momentum may continue the day. A direct fall below Rs488 would trigger liquidation pressure.

Copper Jun

While prices stay below Rs 720 would continue selloffs. Else, recovery upticks are on cards.

Nickel Jun

Volume less trades inside Rs 1880-2400 levels likely to continue in near future.

Zinc Jun

Upticks may be seen as the support of Rs 296 hold the downside. Anyhow major rallies are seen only a break above Rs 320.

Lead Jun

While prices stay below the stiff support of Rs 178 corrective selloffs may continue the day. Major resistance is seen at Rs 186.

Aluminium Jun

Inability to move past Rs 216 expect weak bias to continue the day. However, consistent trades above Rs 220 is a sign of recovery.

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