Copper prices can test Rs 445-447: Nirmal Bang

Nirmal Bang has come out with its technical report on Gold, Silver, Copper, Nickel, Lead and Crude Oil. According to the research firm, Copper prices are expected to trade positive. One can maintain a stop loss below Rs 434; expect prices to test Rs 445– 447 on higher end.

Gold prices are expected to trade within 31400 to 31700, we expect a bounce till 31700 -31730 after a deep four day correction. One can enter long around 31450 -31500 with a stop loss below 31380.

Silver prices are expected to trade within 62800 to 64000 one can buy around 62800 with a stop loss below 62400.

Copper prices are expected to trade positive, one can maintain a stop loss below 434. We expect prices to test 445– 447 on higher end.

Nickel prices are expected trade within the range from 980 to 940, one can buy around 947 with a stop loss below 935.

Lead prices are expected to trade within the range from 123 to 121 one can trade within the range. Fresh buying recommended above 123 on closing basis.

Crude price are likely to remain sideways from 4780 to 4870 one can enter long around 4820 with a stop loss below 4780.

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To read the full report click on the attachment

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