IGI Logo

BULLION

GOLD

Intraday move is largely to be in consolidation with mild negative bias. Even in this mild bearish sentiments, solid trades above the upside hurdle of 47400 may lift prices higher.

SILVER

Prices still trading in a wide consolidating range. In the perplexing situation, if prices stay below 64100 could expect prices to trade lower. On the other hand, a direct rise above the same may bid fresh buying

ENERGY

CRUDEOIL

Prices likely to consolidate with in the trading range of 4970-5080 . Promising trade which challenge either side of the recommended region could set fresh directional move.

NATURAL GAS

Broad buying still intact and possibly to stretch higher . Even in this buying sentiments, a surprise fall which close below 321 could bid fresh selling.

BASE METALS

COPPER

Witnessing price weakness likely to strengthen if prices remain below the 713 region. Although determined trades which settle above the aforementioned region could set off fresh recovery move

NICKEL

Intraday weakness may be seen only below 1423 region. Else hold the same for broad buying to persist in the upcoming session towards the recent highs.

ZINC

Intraday move is expected to be south bound as long as prices float below 244.80 region. On the other hand, a direct rise above the same may lift prices higher.

LEAD

Intraday buying may trigger only by decisive trades above the upside hurdle of 181.40 region. Which if remain undisturbed could expect prices to turn lower in the upcoming session.

ALUMINIUM

A long liquidation move is likely to progress in the coming session if prices stay below 213 region. But rise above the same may induce fresh buying.

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