04-04-2022 10:51 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 04 April 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Choppy trades remains on cards for the day. Break above the major resistance of $1965 would continue rallies. Further liquidation pressure is anticipated only a close below $1890.

Silver LBMA Spot

Inability to break the support of $24 there are chances of recovery upticks. A direct drop below the same would liquidate prices further.

Crude Oil NYMEX

Consistent trades below $97 selling pressure to continue the day. Recovery upticks are seen only a close above $105.

Gold KG Apr

Prices most likely congested inside Rs 50300-52000 levels and breaking either the sides would suggest fresh short term direction.

Silver KG May

Choppy with mild positive bias expected. Immediate and major upside turnaround point is seen at Rs 68000.

Crude Oil Apr

Expect a choppy trading initially. However, consistent trades above Rs 7400 prices would liquidate further.

Natural Gas Apr

Outlook continue to be choppy with mild positive. A direct drop below Rs 415 would negate the view and take prices lower.

Copper Apr

Expect a choppy trading inside Rs 810-835 is likely for the day. However, breaking any of the sides would suggest fresh short term direction.

Nickel Apr

Expect a upside turn around in prices as long as the support of Rs 2000 hold downside. Unexpected drop below the same weakness would continue.

Zinc Apr

Positive momentum may continue the day. However, a direct drop below Rs 342 is a weak signal.

Lead Apr

Consistent trades above Rs 188 would trigger further rallies. Else, expect weak bias.

Aluminium Apr

Inability to break Rs 280 there are chances of recovery moves. Else, it may continue weakness.

 

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