Evening Roundup : A Daily Report on Bullion, Energy & Base Metals for 30 November 2023 By Geojit Financial Services Ltd
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Gold
It is required to break and sustain above Rs 62600 to extend rallies. Else corrective selloffs are expected the day.
Silver
If unable to sustain above Rs 77500 there are chances of corrective selling pressure for the day
ENERGY
Crude Oil
Choppy trading expected the day initially. However, consistent trades above Rs 6500 may extend rallies.
Natural Gas
Prices may weaken further if prices dip below 229 region. Holding the same support can induce mild rebounds.
BASE METALS
Copper
Prices may appear firmer only above Rs 725. Else, corrective dips may witness below this level.
Nickel
Thin volume trades seen
Zinc
Extended dip below 224.60 may weaken the prices. Rebound may sustain above 227 region.
BASE METALS
Lead
Weakness expected to continue as long as trades sustain below 186.70
Aluminium
Prices remain choppy inside at tight range of Rs 202—206 levels and breaking any of the sides would suggest fresh directional moves.
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