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Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 26 December 2023 By Geojit Financial Services Ltd
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BULLION
GOLD
Range bound moves with mild positive bias. Weakness may extend if prices dip below Rs 61700.
Silver
Choppy trading expected initially. However prices may strengthen further above Rs 75760.
ENERGY
Crude Oil MCX Dec
Mild positivity expected intraday. Whereas, a dip below Rs 5950 can induce mild correction.
Natural Gas
Likely to extend weakness as long as it stays below Rs 205. Rebound above 211 level may strengthen the prices as well.
BASE METALS
Copper
As long as prices stay above Rs 728 recovery upticks may extend the day. A Voluminous dip below 724 region can induce mild weakness.
Nickel
Thin volume trades seen.
Zinc
Sustained trades above Rs 228 may extend upswings. A direct drop below Rs 222 is a weak sign.
BASE METALS
Lead
Range bound moves with mild rebounds may be seen. Weakness may be seen below 182.
Aluminium
Consistent trades above Rs 205 would extend recovery upticks. If not, may see corrective selloffs.
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