IGI Logo

Gold LBMA Spot

Choppy trades with recovery upticks expected initially. Important support of $1600 needs to be cleared for to continue further selling pressure.

Silver LBMA Spot

Prices remain range bound with mild negative bias. It needs to break above $20 to turn prices higher.

Crude Oil NYMEX

Initial dip expected followed by a consolidation and prices likely to drift higher. A direct break of the support of $76 would extend weak sentiment.

Gold KG Oct

Pullbacks rallies may continue initially. Further selloffs are expected only a close below Rs 49000.

Silver KG Dec

Recovery upticks may extend initially. However, a direct break below the support of Rs 54800 would trigger further selloffs for the day.

Crude Oil Oct

It required to break Rs 6700 to continue upticks for the day. Else, expect a choppy trading with mild negative bias.

Natural Gas Sep

Prices remain congested inside Rs 580-540 levels and breaking either the sides would suggest fresh short term direction.

Copper Oct

Recovery rallies may continue as long as the support or Rs 632 remains undisturbed. However, major resistance is seen at Rs 650.

Nickel Oct

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

Zinc Oct

If unable to break the support of Rs 258 there are chances of recovery upturn for the day. A direct drop of which is a sing of major liquidation.

Lead Oct

While prices stay below Rs 176 weak bias to continue the day. Major upside turnaround point is seen at Rs 178.

Aluminium Oct

A direct break of Rs 187 would extend liquidation. Else, there are chances of recovery upticks for the day.

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 Disclaime