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Oct 01, 2012, 11.43 AM IST
Nirmal Bang has come out with its technical report on precious metals, base metals and crude oil. According to the research firm, one can buy Gold on dips around Rs 31000 with a stoploss below Rs 30900 for a target of Rs 31300-31350.
Nirmal Bang has come out with its technical report on precious metals, base metals and crude oil. According to the research firm, one can buy Gold on dips around Rs 31000 with a stoploss below Rs 30900 for a target of Rs 31300-31350.
Gold prices are expected to trade within the range from 31000 to 31400, one can buy on dips around 31000 with a stop loss below 30900. One can expect a bounce till 31300-31350. Silver prices are expected to trade within the range from 61800 to 63300. Prices are resisting 63300 -63600 on higher end. For intraday one can sell around 63000-62800 with a stop loss above 63650. Copper prices are expected to trade within the range from 435 to 445, one can trade within the range. Nickel prices are holding 950 support and resisting 985 on higher end. Hence we expect a range bound move from 950 to 980. One can buy on dips. Lead prices are expected to trade test 118 -117.50 on lower end, one could witness selling pressure as broken the support zone at 119.50 -120. Crude Oil price are expected to hold the support at 4840 -4830, one can buy with a stop loss below 4790. 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 Tags: Nirmal Bang, precious metal, base metal, Crude Oil, Gold, Silver, Copper, Nickel, Lead, Crude Oil
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