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Jul 16, 2012, 05.34 PM IST

Buy Gold on dips around Rs 29150-29100: Nirmal Bang

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

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


Gold prices are expected to trade within a broad range from 29050 to 29450. One can buy on dips around 29150 - 29100 with a stop loss below 29000.


Silver prices are likely to hold 52500 on closing basis, we can expect a bounce till 53500. One should buy around 52500 with a stop loss below 52000.


Copper prices are expected to trade within a range from 429 to 421, one can sell around 428 with a stop loss above 431.


Nickel prices are expected to trade within 885 to 905, one could trade within the range. One should exit all long position below 880.


Lead prices are expected to trade within 103.30 to 105.70. One can sell around 104.20 with a intraday stop loss above 105.


Crude prices are likely to trade within a range from 4815 to 4700. Fresh buying is recommended only above the close of 4815. For intraday one can sell if does not sustain above 4815 with a stop loss above 4830


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



To read the full report click here

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