Buy Crude on dips around Rs 5530-5540: Nirmal Bang

Crude Oil: Same view maintained, crude prices have given a breakout and likely to hit the next levels of 5700 and we should buy on dips bet 5530-40 for the target of 5700-5730.

Gold prices are facing some resistance at these levels so we can expect some correction at this point in time so try to buy on lower levels around 28950-29000 levels with stop below 28700.

Silver: Prices are really not moving out of the range we should wait for the right move and currently the trend could trigger downside if it breaches the 56000 mark close below the same.

Copper: The only counter showing some overbought scenario so we can see some correction in the counter so try to sell on rise till 448-49 for the target of 442-40. Over all the counter showing positive momentum ,but wait for some correction to go long.

Nickel: Prices are really not showing any strength the most weaker counter in intraday basis always face selling pressure at 960-65 levels so try to sell around 945-50 or buy between 910-15 range.

Lead prices are in a major channel and likely to resist around 112 and 114 levels; oscillators are in a positive momentum. But we may face major res at this levels so sell on rise till 114 for the target of 112-111.

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