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