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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 07 November 2024 - Geojit Financial Services Ltd
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Gold
Recovery upticks expected initially. Further selloffs are likely only below Rs 76300.
Silver
As long as the support of Rs 90000 remains hold downside, expect recovery upticks for the day.
Crude Oil
Intraday momentum mostly choppy with mild negative. A direct rise above Rs 6090 would extend rallies.
Natural Gas
While prices stay below Rs 234 there are chances of choppy with negative bias trading.
Copper
Prices remain choppy inside Rs 828-854 levels and either side breakout would suggest fresh directions.
Nickel
Lack of volume in the counter.
Zinc
Recovery rallies are on the cards while prices remains hold the support of Rs 280.
Lead
Range bound trades expected. Rebound above Rs 183.60 can strengthen the prices.
Aluminium
While above Rs 244 expect upticks would continue the day. A direct drop below Rs 238 is a sign of reversal.
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