01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 18 April 2022 - Geojit Financial Services
News By Tags | #473 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Gold LBMA Spot

Intraday bias mostly on the bullish side as long as the support of $1950 remains hold the downside. Downside reversal point is placed at $1890.

Silver LBMA Spot

Recovery momentum will continue the day. Weak bias is seen only a break below $24.

Crude Oil NYMEX

Upticks to continue while prices stays above $101. Consistent trades below $93 is a sign of reversal.

Gold KG Jun

While prices stays above Rs 52000 there are chances of recovery momentum to continue. Trend reversal point is placed at Rs 49000.

Silver KG May

As long as prices stays above Rs 68000 there are further potential upside. A direct drop below Rs 65000 is a weak sign

Crude Oil Apr

Recovery momentum will continue if prices are unable to move past Rs 7800. Downside reversal point is seen at Rs 7100.

Natural Gas Apr

Bullish rallies to continue while prices stays above Rs 540. Break below Rs 438 is a sign of reversal.

Copper Apr

Congested trade inside Rs 828-805 is expected initially. Breaking any of the sides would suggest fresh direction for the day.

Nickel Apr

Prices remain range bound inside Rs 2300-2600 levels and breaking either the sides would suggest fresh short term directions.

Zinc Apr

Short term outlook remain positive while prices stays above Rs 360. A direct drop below Rs 343 is a weak sign.

Lead Apr

Range bound trades remains on cards. A direct drop below Rs 180 is a sign of liquidation pressure.

Aluminium Apr

Inability to break the support of Rs 265 there are potential upside. A direct drop below the same is a weak sign.

 

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