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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 08 November 2024 - Geojit Financial Services Ltd
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Gold
Expect to extend the corrective selling pressure while prices stay below Rs 78800.
Silver
While below Rs 95000 weak bias may continue the day. Immediate upside reversal point is placed at Rs 98000.
Crude Oil
Prices remain choppy in a tight range. Breaking any of the sides of Rs 5880-6140 would suggest fresh directions.
Natural Gas
As long as the support of Rs 222 remain undisturbed expect recovery upticks for the day.
Copper
While prices stay below Rs 838 liquidation pressure may extend the day.
Nickel
Lack of volume in the counter.
Zinc
Intraday bias mostly choppy with mild weakness as prices cleared the stiff support of Rs 284.
Lead
Range bound trades expected. Rebound above Rs 183.60 can strengthen the prices.
Aluminium
Prices remain choppy initially. Consistent trades below Rs 238 would see sharp liquidation pressure.
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