IGI Logo

BULLION

GOLD

Intraday move is expected to be northbound if prices stay above 50880 region. Although a surprise fall below the same may squeeze down prices lower.

SILVER

Prices still have room for gains and possibly to stretch towards the upside objective of 63000 or even higher. But there is equal plausible chance of corrective fall if prices slip below 61800 region.

ENERGY

CRUDEOIL

By breaking off the upside hindrance of 8740 could boost prices further higher. Botched attempt to win such trades may take down prices lower.

NATURAL GAS

Current feebleness of prices may extend towards the downside objective of 610 or even lower to 596. Rise above 639 would be sign of intraday price recovery.

BASE METALS

COPPER

Present buying sentiments likely to intact and possibly to extend higher towards 780 region. On the flipside, a corrective fall below 768 region may dent buying expectation.

NICKEL

Present buying sentiments likely to intact and possibly to extend higher towards 780 region. On the flipside, a corrective fall below 768 region may dent buying expectation.

ZINC

Substantial trades above 324.50 would be a sign of fresh buying. Failed to mark such may grab prices lower towards 320 or even lower to 317.

LEAD

Prices have been nearing towards the upside hindrance of 185.50 region, which if breaks could lift prices higher. Else hold the same for price to turn lower.

ALUMINIUM

Decisive trades which sustain above 250 region could lift prices higher in the session ahead. Failed to achieve trades above the same may eventually push down prices lower.

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