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Feb 22, 2012, 12.14 PM | Source: Moneycontrol.com

Buy Gold around Rs 28430-28400: Nirmal Bang

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude.

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude.

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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