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Intraday Technical Outlook

Gold LBMA Spot

Initial dips expected but likely to consolidate later and trigger rallies later. A direct break of $1640 may extend weakness.

Silver LBMA Spot

While prices stay above $21 expect recovery upticks to continue the day. Further liquidation expected only a break of $18.

Crude Oil NYMEX

Upticks may see initially. However, it needs to consistently above $84 to continue the momentum. Downside reversal point is placed at $79.

Gold KG Dec

While prices stay above Rs 50500 buying interest may continue the day. An unexpected fall below Rs 49800 is a sign of weakness.

Silver KG Dec

Intraday momentum likely to be choppy with mild positive. A close below Rs 56200 prices may liquidate further.

Crude Oil Oct

Consistent trades above Rs 6700 would continue upticks for the day. Else, expect a choppy trading with mild negative bias.

Natural Gas Oct

While prices stay below Rs 530 there are chances of corrective selling pressure. Meanwhile, a direct turn above Rs 560 is a sign of reversal of the momentum.

Copper Oct

A direct break of Rs 660 would extend upticks. Else, choppy with mild negative bias expected the day.

Nickel Oct

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

Zinc Oct

Expect a choppy trade inside Rs 272-265 levels and breaking any of the sides would suggest fresh directional moves for the day.

Lead Oct

A direct break below Rs 175 would extend liquidation pressure. Inability to do so may see recovery upticks.

Aluminium Oct

Expect recovery upticks may continue while prices stay above Rs 194. A direct dip below Rs 190 is a sing of further selling pressure.

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