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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 17 March 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Inability to move past $1900 there are potential upside for the day. A direct drop below $1880 prices will liquidate further.

Silver LBMA Spot

Expect a choppy trading inside $26-24 levels and breaking either the sides would suggest fresh direction of the commodity.

Crude Oil NYMEX

Choppy trading remains on cards for the day. However, a direct drop below $93 prices will liquidate further.

Gold KG Apr

Recovery rallies may be seen if the support of Rs 51000 holds the downside. A direct drop below the same would liquidate prices further.

Silver KG May

Choppy with mild positive bias expected initially. However major rallies are seen only a break above Rs 71000.

Crude Oil Mar

Major support is placed at Rs 7200. Inability to break the same would see recovery upticks. Else, selloffs would continue the day.

Natural Gas Mar

If the support of Rs 352 remain holds expect recovery upticks. A direct drop below Rs 342 would trigger major selloffs.

Copper Mar

Selloffs would continue if prices clear the support of Rs 798. 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

Range bound with mild positive trading session is expected the day. A direct fall below Rs 310 is a weak signal.

Lead Mar

Break below the support of Rs 181 prices would liquidate further. Else, there are chances of recovery upticks.

Aluminium Mar

A direct turn above Rs 270 needed to trigger fresh rallies. Else, prices may liquidate further.

 

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