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Aug 06, 2012, 01.10 PM IST

Go long in Gold with stop loss below Rs 29800: 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 holding 29850 support, one can long with a stop loss below 29800 for the target at 30000.


Silver prices expected to witness a range bound move from 52800 to 53800, one can trade within the range with a positive bias.


Copper prices are likely to trade within the range from 409 to 417, one can expect prices to test 417 on higher end.


Nickel prices are expected to bounce. one can expect 880 885 on higher end. One can maintain a stop loss below 965.


Lead prices can bounce till 105.80 -106, one can sell with a stop loss above 107.


Crude prices are expected to trade higher to the tune of 5125. One can long with a stop loss below 5025.


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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