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Gold Mini May/ LBMA Spot Gold

Prices nearing towards the upside turnaround point of $1760, which if broken positive momentum may continue in the counter. Meanwhile, inability to do so expect corrective selling pressure but stiff support is placed at $1680. MCX GoldM May Res: 47380 Support: 44940.

Silver Mini Apr/ LBMA Spot Silver

As prices cleared the resistance of $25.30 expect the momentum to extend towards $26.50 or more. A direct drop below $24.80 would call for a choppy with mild negative bias trading for the day. Major weakness is seen only a break of $23.80. MCX SilverM Apr: Res at Rs 69250. Sup: 64820.

Copper Apr

Outlook remain on the positive side while prices stay above 682. Immediate downside turnaround point is seen at 657.

Nickel Apr

Rallies likely to continue as long as prices stay above 1238. Further weakness is seen only a break of 1205.

Lead Apr

If the support of 165 remain undisturbed, expect positive bias to continue the day. Weakness is seen only a break of 159.

Zinc Apr

Bullish outlook remain intact as long as prices stay above 228.However a direct turn below 222 is a signal of weakness.

Aluminium Apr

Prices continue to stay firm as long as it hold the support of 182. immediate downside turnaround point is placed at 179.

MCX Crude Oil Apr/NYMEX Crude Apr

Prices continue to be in a range 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

A direct rise above 190 would extend buying sentiments for the day. Else, there are chances of choppy with negative bias trading.

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