IGI Logo

Gold

MACD bearish divergence suggest the possibility of weakness. Nevertheless, a sustained trades above 70900 could rule out the possibility of a downward trend.

Silver

Range bound moves expected in the intraday session. Whereas, a dip below 81850 region may undermine the sentiments.

ENERGY

Crude Oil

Rebound could gather momentum if prices rise above the 6690 region. However, failure to surpass this level might trigger a slight correction.

Natural Gas

Voluminous dip below the 180 region may undermine prices. Or else, mild rebound may be seen.

BASE METALS

Copper

Prices may extend weakness below 850 region. Or else, mild rebounds may be seen.

Nickel

Lack of volume in the counter.

Zinc

Range bound moves with mild negative bias may witness. However, a rebound above 258.10 could strengthen the prices.

Lead

Prices may strengthen above 194.40 region. Weakness may witness below 192.10.

Aluminium

Range bound trades with mild weak bias expected in the counter. Rebound may gain momentum above 234 region.

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345