IGI Logo

Gold LBMA Spot:

Prices remain choppy initially. Break below the stiff support of $1990 would trigger liquidation pressure.

Silver LBMA Spot:

Consistency above $23 is required to trigger rallies. Eles, rangebound trades are on the cards.

Crude Oil NYMEX:

If unable to sustain above $79 may see corrective selling pressure. Else, it may continue rallies.

Gold KG Apr:

It is required to break above Rs 62600 to trigger fresh rallies. Else, weak bias expected the day.

Silver KG Feb:

Unexpected drop below Rs 71000 may see extension of selling pressure. Else, likely for pullback rallies.

Crude Oil Feb:

Further rallies are seen only above Rs 6500. Inability to move past the same would see corrective selloffs.

Natural Gas Feb:

Liquidation pressure would continue while prices stay below Rs 190. Immediate and strong resistance is placed at Rs 210.

Copper Feb:

While above Rs 725 expect to continue recovery rallies. Break below Rs 716 is a weak sign.

Nickel Feb:l

Expect choppy with thin volume trading in the near future

Zinc Feb:

Immediate resistance is placed at Rs 230. Break of which would extend rallies.

Lead Feb:

Initial bias would be sideways trade inside Rs 184- 181 levels.

Aluminium Feb:

Stiff resistance is placed at Rs 206 which needs to be cleared for continuation of rallies. Else, prices remain choppy for the day.

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

SEBI Registration Number: INH200000345