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Gold Mini Mar/ LBMA Spot Gold

Corrective selloffs likely to extend as long as prices stay below the support of $1760. Immediate downside targets are seen at $1670 followed by $1620. A direct turn above $1820 is required to negate the view and take prices higher. Gold mcx Mar: Res at 46450. Sup: 44020.

Silver Mini Apr/ LBMA Spot Silver

Inability to move past $28 intraday trend remains choppy with mild negative bias. Meanwhile, an unexpected drop below $24 would attract major liquidation pressure. MCX Silver Apr: Res at Rs 70870. Sup: 66400.

Copper Mar 

Intraday bias likely to be on the downside as it breaks the support of 698. Anyhow major reversal point is seen at 688. 

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 Nickel Mar 

Prices required to break 1410 to continue rallies. Else, there are chances of corrective selling pressure.

Lead Mar

Expect a choppy with negative bias trading as long as 172 caps the upside. A direct drop below 165 is a major downside reversal signal.

Zinc Mar

Corrective selloffs may extend the day while prices stay below 225. Immediate trend reversal point is placed at 227.

Aluminium Mar

If 172 remain caps the upside, intraday momentum will be on the downside. Major weakness is seen only a close below 169.50

MCX Crude Oil Mar/NYMEX Crude Mar

Corrective selloffs likely to extend towards $59 initially and which if hold, there are chances of recovery upticks for the day. Else, there are chances to continue the momentum. Further major rallies are seen only a close above $64. MCX Mar: Res at Rs 4572 / Support: Rs 4320.

Natural Gas Mar

Further weakness is seen only a break of 199. Else, there are chances for recovery upticks for the day.

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