IGI Logo

Gold LBMA Spot

Intraday price action remain volatile with mild recovery bias. However, stiff support is seen at $1890 break of which it may correct further.

Silver LBMA Spot

Recovery moves are possible as long as the support of $24.50 restrict further downside. Major resistance is seen at $26.

Crude Oil NYMEX

If the support of $92 remains holds there are chances of recovery upticks for the day. A direct fall below the same is a weak signal.

Gold KG Apr

Choppy trading remains on cards initially. A direct drop below Rs 51000 further corrective selloffs may be seen.

Silver KG May

If unable to break the support of Rs 67500 there are chance of recovery rallies. Else, selling pressure is on cards for the day.

Crude Oil Mar

Major support is placed at Rs 7100. Inability to break the same would see recovery upticks. Else, selloffs would continue the day.

Natural Gas Mar

Prices remain congested inside 360-340 levels and breaking either the sides would suggest fresh direction for the day.

Copper Mar

Selloffs would continue if prices clear the support of Rs 792. Else, choppy with recovery upticks can be seen.

Nickel Mar

Break below Rs 2745 prices would liquidate further. Otherwise mild upturn in prices is likely for the day.

Zinc Mar

A direct break below Rs 309 another round of liquidation pressure is on cards. Else, there are chances of choppy trading for the day.

Lead Mar

Support is seen at Rs 182. Consistent trades below the same would liquidate further. Else there are chance of recovery rallies.

Aluminium Mar

Further selloffs are in cards only a beak of 262. Inability to do so may see recovery upticks for the day

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer