Powered by: Motilal Oswal
21-03-2024 10:23 AM | Source: Geojit Financial Services
Commodity Intraday Technical Outlook 21 March 2024 -Geojit Financial Services

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

Gold LBMA Spot:

Bullish outlook remain intact. Downside reversal is seen only below $2040.

Silver LBMA Spot:

While above $25.50 it may continue upticks for the day.

Crude Oil NYMEX:

A direct break below $80 would trigger selling pressure. Else, recovery rallies is on the cards.

Gold KG Apr:

Inability to break the support of Rs 64200 prevailing bullish outlook remain intact in the counter.

Silver KG May:

Upticks likely to continue initially. Immediate downside turnaround point is seen at Rs 74000.

Crude Oil Apr:

Resistance is paled at Rs 7000, which needs to be cleared for further rallies.

Natural Gas Mar:

Choppy with mild negative bias expected the day.

Copper Mar:

Expect range bound trading with mild positive bias. Downside reversal point is seen at Rs 730.

Nickel Mar:

Expect choppy with thin volume trading in the near future

Zinc Mar:

Further rallies are seen only above Rs 226. If not expect a range bound trading for the day.

Lead Mar:

Recovery rallies seen only above Rs 181. If not, weakness would continue the day.

Aluminium Mar:

Intraday outlook mostly on the positive side as long as the support of Rs 204 hold downside.

 

 

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