IGI Logo

BULLION

GOLD

Ensuing buying sentiments likely to uphold if prices stay above 49220 region. But an unexpected fall which breached below the same may grab prices lower.

SILVER

Determined trades above the upside hindrance of 67600 could trigger fresh buying in the later session. Botched attempt to crack above the same may dent intraday buying sentiments.

ENERGY

CRUDEOIL

Intraday weakness may find momentum only below 5970 region. Failed to challenge below the same may be a sign of fresh buying in the session to come.

NATURAL GAS

Prices have been approaching towards the upside hurdle of 385 region. Which if breaks could lift prices higher in the later session. Else hold the same for a price weakness.

BASE METALS

COPPER

Next stage of price rally may be seen only above 747 region. Else hold the same for further corrective move in the upcoming session towards 731 or even lower to 724

NICKEL

Intraday move is expected to be downward if prices stay below 1533 region. On the flipside rebounding trades above the same could lift prices higher.

ZINC

Fall below the downside hurdle of 268 could trigger fresh selling in the upcoming session. Failed to mark such trades could bid a short covering move in the later session.

LEAD

Prices likely to consolidate with in the trading range of 188-190.50 region. A firm move which claim either side of the trading range may set off fresh directional move.

ALUMINIUM

Intraday price recovery may be seen only by promising trades above the upside hindrance of 209.80 region. Which if remain undisturbed could expect further downside corrective move.

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