Apr 27, 2012, 01.27 PM | Source: Moneycontrol.com
Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Zinc, and Crude.
, Nirmal Bang |
Gold prices are likely to trade positive for the day, one should buy on dips around 28940 -28900 with a stop loss below 28800. oscillators are in positive territory.
Silver prices are expected to trade positive, one should buy on dips around 55700 -55600 with a stop loss below 55000 on closing basis. Oscillators are in negative territory.
Copper prices are expected to rally up to the tune of 440 -442 on higher end. Oscillators are heading up and one can buy around 433 434 with a stop loss below 429. One should book profit at 440-442 and wait for a fresh buying signal.
Nickel prices are expected to trade positive, one can buy around 945 for the upside target at 965 975. Oscillators are indicating a flat to positive move.
Zinc prices are expected to trade positive after a break from the range, one should around 105.50 -105.30 and hold the position with a stop loss below 103 for the up rally till 109 110.oscillators are in positive zone.
Crude prices are expected to test 5525 5545 on higher end if sustained above 5470 5480 support zone. oscillators are heading up.
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One should expect another week of sideways movemen