Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 08 November 2023 By Geojit Financial Services Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
BULLION
Gold
Range bound moves with mild negative bias expected. However, a rebound above 60600 may induce mild positivity in the counter.
Silver
Prices may appear weaker below 70060 region. Whereas, a voluminous surge above 70800 region may strengthen the prices as well.
ENERGY
Crude Oil
l View MACD bearish divergence suggest the prevalence of weakness in the counter. Rebound expected to sustain only with voluminous trades above 6520 region.
Natural Gas
Weakness may continue if prices dip below 265 region. Rebound may sustain with steady gains above 277 region.
BASE METALS
Copper
MACD bullish divergence suggest mild positivity. However, a dip below 705 may induce weakness.
Nickel MCX Nov
Thin volume trades seen.
Zinc
Mild positivity expected in the counter. Unexpected dip below 227.70 may induce weakness.
BASE METALS
Lead
Prices may strengthen above 187.70 region. Holding the same resistance can induce mild correction.
Aluminium
Range bound trades expected in the intraday session. A dip below 206.80 may induce mild weakness.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
