IGI Logo

BULLION

GOLD

Ensuing recovery move likely to continue towards the upside objective of 50820 or even higher in the later session. Even in this positive note, a corrective dip below 50450 may be sign of weakness.

SILVER

Tangible trades above the upside hindrance of 56800 would be a sign of fresh recovery in the session ahead. Failed to achieve trades above the same may eventually bid fresh selling in the upcoming session.

ENERGY

CRUDEOIL

Current feebleness of prices likely to continue toward the downside objective of 7540 or even lower in the session ahead. Even in this bearish expectation, recovery trades above 7780 may induce fresh buying in the later session.

NATURAL GAS

Prices still have room for further gains which may scale towards 650 region. But there is equal plausible chance of corrective fall once prices settled below 615 region.

BASE METALS

COPPER

As long as prices stay below 631 region could expect weakness for intraday. But decisive trades above the same could boost prices higher in the session ahead.

NICKEL

Price consolidation largely to continue without much volume participation.

ZINC

Prices likely to consolidate within the trading range of 277-273. A firm move which breaks either side of aforesaid region may set the directional move.

LEAD

Present buying sentiments possibly to persist towards the price objective of 179.40 or even more. But a corrective fall below 176.60 may push prices lower.

ALUMINIUM

Successful trades above 212.50 could trigger fresh buying in the session ahead. Else hold the same for prices to correct lower in the session ahead.

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