02-04-2022 11:18 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 04 February 2022 - Geojit Financial Services
News By Tags | #473 #4943

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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

A direct break below $21.40 would trigger further selling pressure. Else, there are chances of recovery upticks.

Crude Oil NYMEX

Bullish outlook to continue while prices stays above $88. A close below $86 is a sign of weakness.

Gold KG Apr

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 as long as the support of Rs 6380 remain undisturbed. A direct break below Rs 6200 is a weak signal.

Natural Gas Feb

If unable to move past Rs 360 would attract recovery upticks. Break below the same is a weak signal.

Copper Feb

Break above Rs 762 would trigger further rallies. Else, there are chances of choppy with mild negative bias trading.

Nickel Feb

Prices remain choppy inside Rs 1745-1665 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

Expect weakness to continue while it stays below Rs 186. anyhow major support is seen at Rs 180.

Aluminium Feb

Choppy with recovery upticks may be seen if it unable to break the support of Rs 239. Anyhow major resistance is seen at Rs 250.

 

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