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Technical Commentary

Gold.

Support of $1765 if remain hold expect recovery upticks in the counter. However, it needs to break above $1820 to convert into major rallies.

Silver

Intraday bias may be on the mild positive side as long as the support of $21.20 remains undisturbed.

Crude Oil

Inability to move past the support of $66 there are chances of recovery upticks. Anyhow major upside obstacle is seen at $73.50.

Technical Commentary

Gold KG

Mild positive bias expected initially but breaking Rs 48800 is needed to continue the same. A direct break of Rs 47700 is a weak signal.

Silver KG

Chances of recovery rallies on cards while the stiff support of Rs 60300 remain undisturbed.

Crude Oil

Range bound with mild negative bias trading expected initially. It needs to break Rs 5050 to continue further liquidation for the day.

Natural Gas

Intraday bias likely to be on the positive side as long as the support of Rs 284 continue to restrict downside moves. A close below 275 is major weak signal.

Copper

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

Nickel

Upticks expected initially as the support of Rs 1515 limited further downside.

Zinc

Choppy with mild positive bias likely for the day. A direct drop below Rs 265 is a downside reversal signal.

Lead

Consistent trades above Rs 187 is needed to continue further rallies. Else, expect corrective selling bias for the day.

Aluminium

If the support of 216 remain undisturbed expect recovery upticks for the day. A direct drop below the same is a weak signal.

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