05-11-2024 05:33 PM | Source: Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 05 November 2024 - Geojit Financial Services Ltd

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Gold

Prices remain choppy initially. Breaking any of the sides of Rs 78900-77800 would suggest fresh directions for the day.

 

Silver

If the ongoing recovery rallies extend beyond Rs 95100 would trigger fresh buying spree. Else, corrective selloffs expected.

 

Crude Oil

A direct rise above Rs 6090 would extend rallies. Else, likely for choppy trades. Downside reversal point is seen at Rs 5880.

 

Natural Gas

While above Rs 228 upticks likely to extend the day. Otherwise, there are chances of weak bias.

 

Copper

Break above Rs 860 would extend rallies. If not, choppy trades are on the cards.

 

Nickel

Lack of volume in the counter.

 

Zinc

Recovery upticks may extend as long as Rs 282 remain hold downside. A direct fall of which is a sign of short term weakness.

 

Lead

Range bound trades expected. Rebound above Rs 183.60 can strengthen the prices.

 

Aluminium

Break above Rs 244 would extend rallies. A direct drop below Rs 238 is a sign of reversal.

 

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