01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Intraday Technical Outlook 31 March 2022 - Geojit Financial Services
News By Tags | #473 #4943

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Gold LBMA Spot

Recovery upticks can be seen initially. However major resistance is seen at $1965. Further liquidation pressure is anticipated only a close below $1890.

Silver LBMA Spot

Choppy trades remain on cards. A direct drop below $24 is an early sign of selling pressure. Else, a mild uptick is possible for the day.

Crude Oil NYMEX

Choppy with mild negative bias remains on cards. However, consistent trades below $102 is a sign of renewed selling pressure. Major resistance is seen at $116.

Gold KG Apr

While prices stays below the support of Rs 51000 expect weak bias to continue the day. Further rallies are seen only above Rs 51800.

Silver KG May

Choppy with mild negative bias expected. Immediate upside turnaround point is seen at Rs 68000.

Crude Oil Apr

Gap down opening expected and the momentum may continue the day. Break above Rs 8300 is an upside reversal point.

Natural Gas Apr

Inability to move past Rs 425 there are chances of corrective selling pressure. However, major support is seen at Rs 398.

Copper Apr

Expect choppy trading inside Rs 810-835 levels initially. Breaking any of the sides would suggest fresh short term direction.

Nickel Apr

Recovery upticks are in cards as long as the support of Rs 2350 remain hold the downside. Unexpected drop below the same weakness would continue.

Zinc Apr

A direct fall below Rs 328 is a weak signal. Else, choppy trading is on cards.

Lead Apr

Consistent trades below Rs 180 would trigger further liquidation. Else, there are chances of recovery upticks for the day.

Aluminium Apr

While prices stays below Rs 285 would extend selling pressure. Recovery moves are seen only above Rs 292.

 

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