IGI Logo

Gold LBMA Spot

Intraday trend remains choppy initially. However, breaking the immediate resistance of $1772 is required to trigger recovery rallies.

Silver LBMA Spot

It has seen the support of $18.50 remains hold, hence there are chances of recovery upticks. A direct dip below is a sign of major liquidation.

Crude Oil NYMEX

Initial dips are expected, followed by a consolidation and trigger upticks. An unexpected drop below $88 is a sign of weakness.

Gold KG Oct

Inability to break the support of Rs 51900 there ae chances of slight recovery expected the day. However, break of major support of Rs50800 is major bearish sign.

Silver KG Sep

As prices cleared the support of Rs 54000 bearish outlook remains on the cards. However, it needs consistency below the same to continue liquidation. Break above Rs 55800 is a sign of reversal.

Crude Oil Sep

Expect initial correction but there are more chances on the upside as it hold the support of Rs 7480. However, a direct dip below Rs 7200 is a sign of weakness.

Natural Gas Sep

Intraday outlook continue to be choppy inside Rs 780-715 and breaking any of the sides would suggest fresh directional moves for the day.

Copper Sep

A direct break below Rs 656 would trigger liquidation pressure. Else, recovery moves expected the day.

Nickel Sep

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

Zinc Sep

Further rallies are seen only a break above Rs 320. Else, expect weakness for the day

Lead Sep

Stiff resistance is seen at Rs 182. Inability to move past the same is a sign of weakness. A direct rise of which would take prices higher.

Aluminium Sep

Prices remain congested inside Rs 215-206 levels with broad negative bias 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 Disclaimer