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Gold Mini Apr/ LBMA Spot Gold

Price continue to be choppy inside $1700-1745 levels initially and breaking any of the sides would suggest directional move for the metal. 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

If $26.50 remain caps the upside, 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 range bound trading for the day.

Nickel Mar

Support of 1140 needs to be cleared for continuation of selling pressure. Else, there are chances of recovery upticks for the day

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

Choppy with negative trading is likely as long as prices stay above 220. Resistance of 222 is a upside turnaround point.

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

Inability to move past 180 there are chances of recovery upticks for the day. A direct turn below 178 is a signal of liquidation.

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