IGI Logo

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

LBMA Spot

Outlook remains mild positive side as long as the support of $21.20 hold the downside.

Crude Oil

NYMEX

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

Gold

KG Feb

Breaking the resistance of Rs 48800 is needed to continue positive outlook. A direct break of Rs 47700 is a weak signal.

Silver

KG Mar

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

Crude Oil

Jan

Recovery bias may continue if the support of Rs 5300 restrict further downsides. Anyhow major resistance is seen at 5580.

Natural Gas

Dec

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

Copper

Dec

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

Nickel

Dec

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

Zinc

Dec 

A direct break above 291 would continue rallies. Else, there are chances of corrective selling pressure for the day.

Lead

Dec

Present upticks may continue if the hold the support of 186. Meanwhile, a direct drop below 183 is a weak signal.

Aluminium

Dec

Choppy trading expected initially. Consistent trades below Rs 216 is a weak signal.

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