Powered by: Motilal Oswal
17-11-2023 10:35 AM | Source: Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 17 November 2023 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Gold LBMA Spot

Break above $1990 would extend rallies. Else, choppy with mild corrective selloffs expected the day.

Silver LBMA Spot

Upticks likely to extend as long as it stays above $23.80. inability to stay above the same would see choppy trades for the day.

Crude Oil NYMEX

Immediate and stiff support is placed at $72, which needs to be cleared for further liquidation in prices.

Gold KG Dec

Rallies would extend as long as prices stay above Rs 60500. Further liquidation is seen only below Rs 59500.

Silver KG Dec

Intraday resistance is placed at Rs 73800 which needs to be cleared for extending rallies. Else, corrective selloffs expected the day.

Crude Oil Nov

Consistent trades below Rs 6000 would extend liquidation pressure. Eles, a mild recovery rallies is on the cards.

Natural Gas Nov

Prices most likely congested inside Rs 272-252 levels and breaking any of the sides would suggest fresh directions.

Copper Nov

Consistent trades below Rs 705 would extend weakness. If not recovery rallies are on the cards.

Nickel Nov

Expect choppy with thin volume trading in the near future.

Zinc Nov

Consistent trades above Rs 230 would extend rallies. Else, corrective selloffs are likely for the day.

Lead Nov

Consistent trades below Rs 187 is a sign of weakness. If not, expect recovery rallies.

Aluminium Nov

Expect a range bound trade inside Rs 207-204 levels initially and either side breakout would suggest fresh directions

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer