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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: 47200 Support: 45180.

Silver Mini Apr/ LBMA Spot Silver

Prices continue to be choppy inside $26.50- 23.80 levels initially and breaking any of the sides would suggest fresh direction to the commodity. MCX SilverM Apr: Res at Rs 67750. Sup: 64820.

Copper Apr

Resistance of 698 needs to be cleared for continuation of rallies. Else, expect choppy with corrective selling pressure for the day.

Nickel Apr

Intraday bias likely to be on the negative side as long as 1248 caps the upside. Next rallies are seen only a break 1285.

Lead Apr

Prices remain congested inside 167-162 levels and breaking any of the sides could direct prices further.

Zinc Apr

Corrective selloffs may extend as long as prices stay below 225. Further upticks are seen only a close above 228.

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

A congested trade inside $62-57.50 levels expected initially and breaking any of the sides would suggest fresh direction to the commodity. MCX Apr: Res at Rs 4580 / Support: Rs 4180.

Natural Gas Apr

While 182 remain hold the downside, expect recovery upticks to continue the day. Unexpected drop below 178 is a major weak signal

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