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Gold Mini May/ LBMA Spot Gold

The immediate upside turnaround point is seen at $1760, which is needed to be cleared for continuation of further rallies 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

While prices stays above $25 expect positive momentum to extend towards $26.50 or more. A direct drop below $24.80 would call for a choppy with mild negative bias trading. Major weakness is seen only a break of $23.80. MCX SilverM Apr: Res at Rs 68180. 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

Choppy with positive bias is likely as long as prices stay above 1238. Further weakness is seen only a break of 1205.

Lead Apr

Inability to clear 166 there are chances of corrective selling pressure for the day. Else, it may take prices higher.

Zinc Apr

Expect a choppy trade inside 230-226 levels initially and breaking any of the sides would suggest fresh direction to the commodity.

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

As long as 182 hold the downside, expect recovery upticks in for the day. Unexpected drop below 178 is a major weak signal.

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