Intraday Technical Outlook 03 February 2022 - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gold LBMA Spot
Consistent trades above $1810 would trigger further rallies in the counter. Else, a choppy trading is on the cards for the day.
Silver LBMA Spot
Recovery upticks are possible as long as the support of $21.40 remain undisturbed. A direct drop below the same is a major liquidation signal.
Crude Oil NYMEX
Expect a volatile trade inside $90-86 levels initially and breaking any of the sides would suggest fresh short term direction.
Gold KG Feb
Choppy with mild upside bias expected as long as the support of Rs 47200 hold downside. However, major resistance is seen at Rs 49000.
Silver KG Mar
Corrective selloffs are likely if it unable to move past Rs 62300. A close below Rs 60100 is a major liquidation signal.
Crude Oil Feb
Rallies may continue while it stays above Rs 6380. Break below Rs 6200 would negate the bullish outlook and take prices lower.
Natural Gas Feb
Bullish outlook remains intact as long as it hold the support of Rs 388. Immediate trend reversal point is placed at Rs 348.
Copper Feb
Break above Rs 762 would trigger further rallies. Else, there are chances of choppy with mild negative bias trading.
Nickel Feb
Choppy trading expected initially inside Rs 1740- 1665 levels and breaking either the sides would suggest fresh short term direction.
Zinc Feb
Break above Rs 300 is needed to continue rallies. If unable to do so, choppy trading is on cards for the day.
Lead Feb
Major support is seen at 184 consistent trades below would trigger sharp liquidation pressure. Else, there are chances of recovery upticks.
Aluminium Feb
Inability to move past Rs 250 there are potential selling pressure for the day. A direct rise above the same would trigger further rallies.
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
