Feb 22, 2012, 12.14 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 trade higher around 28600. With oscillators moving up slow and steady one can expect more upside in the precious metal. A close 28600 should indicate further upside rally to continue. One can buy around 28430 – 28400.
Silver prices are trading positive, one can expect buying interest around 56900 -800. A close above 57500 should witness fresh buying to the tune of 58800 -59500.
Copper prices are expected to bounce back to the tune of 421, where one should be cautioned and book profit in long positions. Oscillators indicating a bounce back.
Nickel prices are expected to bounce till 1020 -1025, one can buy on dip at 993 with a stop loss below 975. Oscillators are heading donw.
Lead prices are expected to test the resistance at 104.60 -105, one can buy with a stop loss below 101. oscillators are over sold and expected to bounce.
Crude prices are looking positive, one can expect profit booking around 5300.oscillators are heading up.
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To read the full report click here
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Mehraboon Irani, Principal and Head of Nirmal Bang