IGI Logo

BULLION

GOLD

Major price recovery may be seen only by solid trades above 50400 region. Else could expect prices to trade moderately lower.

SILVER

Present recovery move likely to uphold towards the price objective of 57900 or even more. A corrective fall below 56700 may dent our intraday buying expectation.

CRUDEOIL

Prices need to challenge above the upside hindrance of 6820 region to initiate further buying in the session ahead. Inability to activate such trades may eventually push prices lower.

NATURAL GAS

Intraday buying may activate only by determined trades above the upside hindrance of 578 region. Which if remain undisturbed could extend weakness in the session ahead.

COPPER

Consecutive days of recovery move largely to persist towards the upside objective of 658.80 followed by 663. But a surprise fall below 646 may dent our buying expectation.

NICKEL

Present consolidation largely to progress without much directional moves.

ZINC

Ensuing recovery move largely to continue towards the Bollinger middle band level of 279 region. Even in this positive outlook, a corrective fall below 271.60 may push prices lower.

LEAD

Decisive trades above the upside hurdle of 178 region could lift prices further higher. Inability to mark trades above the same may induce fresh selling.

ALUMINIUM

Present recovery move likely to continue towards the upside objective of 199 or even higher. But a corrective fall below 193.80 may be sign of intraday weakness.

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