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Gold Mini Jun/ LBMA Spot Gold

Breaking the immediate resistance of $1800 is needed to continue positive outlook in the counter. Else there are chances of corrective selling pressure but stiff support is placed at $1760 which if broken the momentum may extended towards $1725 or more later. MCX GoldM May Res: 48480 Support: 47150.

Silver Mini Jun/ LBMA Spot Silver

Breaking the immediate resistance of $26.70 is required to extend the buying momentum towards $28 or more. Inability to do so, there are chances of corrective selling, but major downside reversal point is placed at $23.80. MCX SilverM Jun: Res at Rs 72200. Sup: 67450.

Copper May

Though broad outlook is on the positive side, expect corrective selloffs for the day. Anyhow a direct turn below 720 would extend the selling momentum.v

Nickel May

Upticks may continue as long as the support of 1208 remain undisturbed. However, a direct drop below the same is a signal of reversal.

Lead May

Inability to move past 175 there are chances of corrective selling pressure for the day. Anyhow trend reversal point is placed at 159.

Zinc May

As long as prices stay above 232 it may continue bullish rallies in the counter. A direct drop below 226 is a signal of reversal.

Aluminium May

Inability to move past 190 there are chances of continuation of bullish outlook. A direct surge above the same would extend rallies.

MCX Crude Oil May/NYMEX Crude May

Intraday trend remains choppy inside $60.50- 64 levels initially, and breaking any of the sides would suggest directional moves. Anyhow, a direct break below $57 is major downside reversal point. MCX May: Res at Rs 4820 / Support: Rs 4540.

Natural Gas May

Rallies may continue while prices stay above 209. A close below 202 is a sign of reversal of the momentum.

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