Jun 14, 2012, 01.14 PM | Source: Moneycontrol.com
Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude.
, Nirmal Bang |
Gold prices are expected to test 30150 on higher end. However, one should remain cautious unless closes above 30180 in long position at these levels. oscillators are suggesting a positive move ahead.
Silver prices are expected to trade positive to the tune of 55900, prices can further move up till 56700 one can hold buying position with a stop loss below 54100.
Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 409 with a stop loss below 405. Fresh buying could witness above 415.
Nickel prices washed out all the gains and ended lower, one can witness a down move till 930. For intraday one can sell around 955 958 with a stop loss above 967.
Lead prices are expected trade within a range from 104.80 to 106.80, resisting the middle Bollinger band. For fresh position one should wait for a range break.
Crude prices are witnessing a range bound move. one can buy around 4620 with a stop loss of 4580 targeting 4685 4700. Oscillators suggesting a flat to positive move ahead.
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Mehraboon Irani, Principal and Head of Nirmal Bang