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Oct 05, 2012, 12.00 PM IST
Nirmal Bang has come out with its technical report on precious metals, base metals and Crude oil. The research firm says Crude Oil prices can test Rs 4755-4785, one can book profit at that level.
Nirmal Bang has come out with its technical report on precious metals, base metals and Crude oil. The research firm says Crude Oil prices can test Rs 4755-4785, one can book profit at that level.
Gold prices are witnessing the effect of the rupee strength where as Nymex gold prices have broken the previous peak at 1795. One can buy on dips around 31000-30950 with a stop loss below 30850. Silver prices are expected to trade within the range from 63000 to 61800. One can sell if sustained below 61800 strictly for intraday with 62400 stop loss. Copper prices are likely to test 430 -428 on lower end. Prices are expected to trade within 428 to 438. Nickel prices are holding 950 support and resisting 985 on higher end. Hence we expect a range bound move from 950 to 980. Fresh position after the range break. Crude price did hold the support at 4595 and bounced backed we expect prices to test 4755-4785 where one could look for profit booking. 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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