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Technical Commentary

Gold.

Choppy with mild positive bias expected initially but a direct break above $1820 would take prices further higher. An unexpected drop below $1765 is a sign of weakness.

Silver

If the major support of $21.20 remains undisturbed expect recovery upticks in the counter. However, mild resistance is seen at $22.60.

Crude Oil

If $69 remain undisturbed expect recovery upticks. A direct drop of which is an early signal of major liquidation.

Technical Commentary

Gold KG

If the support of Rs 46200 remain undisturbed, intraday bias likely to be on the positive side. A break below Rs 45700 is a weak signal.

Silver KG

Recovery rallies may continue while Rs 60300 support restricts further downside.

Crude Oil

It needs to break above Rs 5570 to trigger fresh rallies. Else, there are chances of corrective selling pressure but major support is placed at Rs 5270.

Natural Gas

Inability to move past the support of 288 there are more potential upside. A close below 275 is major weak signal.

Copper

Intraday trend continuous to be firm as long as the support of 732 remains undisturbed.

Nickel

Expect a choppy trade inside Rs 1515-Rs 1590 levels and breaking either the sides would suggest fresh short term directions.

Zinc

Bullish outlook remain intact as long as the support of 280 holds the downside. Major support is seen at Rs 265.

Lead

If 184 continue to hold the downside there are chances of a swift upticks in the counter. A direct drop below the same is an early liquidation signal.

Aluminium

Bullish outlook remains intact as long as it holds the support of Rs 217. A close below Rs 209 is a weak signal.

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