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Gold Mini Apr/ LBMA Spot Gold

Expect a choppy trade inside $1700-1735 levels initially and breaking any of the sides would suggest directional move for the day. Anyhow, immediate and strong resistance is seen $1775. Likewise, major downside is seen at $1660. MCX GoldM Mar Res: 45410 Support: 44380.

Silver Mini Apr/ LBMA Spot Silver

Inability to break $26.50, intraday outlook would be on the downside with stiff support is seen at $25. A direct drop below the same would extend weakness. Rallies above $26.50 is a sign of reversal. MCX Silver Apr: Res at Rs 68800. Sup: 65300.

Copper Mar

Breaking 660 is required to trigger another round of selling pressure. Else, there are chances of recovery upticks for the day.

Nickel Mar

Selling pressure may continue as long as 1200 caps the upside. Anyhow major support is seen at 1140.

Lead Mar

Another round of selling is seen only a break of 157. Else, there are chances of recovery upticks for the day.

Zinc Mar

Recovery rallies are likely as long as 218 hold the downside. A direct drop below 215 would trigger major selling pressure.

Aluminium Mar

Upside momentum may continue as long as 172 hold the downside. Further weakness is seen only a break of 169.

MCX Crude Oil Mar/NYMEX Crude Mar

Prices continue to be choppy inside $66.50-63 levels initially and breaking any of the sides would suggest fresh intraday direction to the commodity. Break above $66.50 next upside target is seen at $72. A close below $58 is a signal of reversal. MCX Mar: Res at Rs 4870 / Support: Rs 4608.

Natural Gas Mar

As long as prices stay below 192 expect weak bias to continue the day. Major upside turnaround point is placed at 198

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