Intraday Technical Outlook 23 March 2022 - Geojit Financial Services
Gold LBMA Spot
Mild recovery upticks are on cards as long as the support of $1900 remain undisturbed. 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
Recovery upticks may continue while prices stays above $102. A direct drop below $93 is a sign of selling pressure.
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 trading expected initially. However, further selloffs may be seen only a close below Rs 67000.
Crude Oil Apr
Prices remain volatile with mild positive bias but the stiff support of Rs 7800 if cleared it may trigger liquidation pressure
Natural Gas Mar
Inability to move past Rs 372 intraday bias mostly on the positive side. A direct drop below Rs 362 is a weak signal.
Copper Mar
It needs to break Rs 822 to trigger further rallies. A direct break below Rs 798 is a sign of liquidation pressure.
Nickel Mar
Corrective selloffs are in cards as long as Rs 2350 restrict further upsides.
Zinc Mar
Consistent trades above Rs 325 would continue rallies. Else, expect a range bound with mild positive trading session for the day.
Lead Mar
Break below the support of Rs 181 prices would liquidate further. Else, there are chances of recovery choppy trading session for the day.
Aluminium Mar
A direct rise above Rs 284 would continue upticks for the day. Else, choppy trading is cards but major support is placed at Rs 270.
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