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Gold Mini May/ LBMA Spot Gold

Intraday upticks are in cards as long as $1680 hold the downside. However, a direct break of $1760 is required to trigger major rallies in the counter. Further weakness is seen only a close below $1660. MCX GoldM Apr Res: 46150 Support: 44100.

Silver Mini Apr/ LBMA Spot Silver

Prices required to break above $25.20 to continue rallies towards $26.50 or more. Else, expect a choppy with mild negative bias trading for the day. Major weakness is seen only a break of $23.80. MCX Silver Apr: Res at Rs 66250. Sup: 62220.

Copper Apr

Bullish outlook may extend while prices stay above 678 hold the downside. Immediate downside turnaround point is seen at 657.

Nickel Apr

Rallies likely to continue while prices stay above 1205. Further weakness is seen only a break of 1180

Lead Apr

Prices continue with positive bias as long as 162 hold the downside. Another round of selling pressure is seen only a break of 159.

Zinc Apr

Expect a choppy trading inside 213-222 levels initially and breaking nay of the sides would suggest direction to the commodity.

Aluminium Apr

Prices continue to stay firm as long as it hold the support of 176. Weakness is seen only a break of 173.

MCX Crude Oil Apr/NYMEX Crude Apr

Prices continue to be choppy inside $62-57.50 levels initially and breaking any of the sides would suggest fresh direction to the commodity. MCX Apr: Res at Rs 4540 / Support: Rs 4180.

Natural Gas Apr

While prices stay below 185 expect weakness to continue in the counter. However, stiff support is placed at 177.

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