Buy gold on dips; stoploss below Rs 29100: Nirmal Bang
Nirmal Bang has come out with its report on metals & energy. According to the research firm one can buy gold on dips with a stop loss below Rs 29100.
December 16, 2013 / 12:22 IST
Nirmal Bang's report on metals & energy
Gold prices are expected to trade within the range from 29100 to 29500. One can buy on dips around 29250 - 29280 with a stop loss below 29100.Silver prices may bounce till 45000 -45300. One can witness range bound session from 45300 to 44000. If prices sustain below 44700 one can short with a trading stop loss above 44850 for the target at 44150 -44000.Copper price may witness profit taking till 457 -455 buying on dips is recommended with a stop loss below 453.Nickel prices are expected to trade within the range from 885 to 865. One can buy on dips around 870 -868 with a stop loss below 858.Lead prices are expected to trade positive one can buy on dips around 132.50 with a stop loss below 131.20. prices may test 135 on higher end.Crude oil prices are expected to trade range bound from 5950 to 6100. One can buy around 5980 with a stop loss below 5930 for the target 6050 -6080.(Prices in Rs.)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. 
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