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Feb 27, 2013, 11.06 AM IST | Source: Moneycontrol.com

Go long in MCX Gold around Rs 30000-29950: 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 Gold prices can touch Rs 30200-30280. One can go long around Rs 30000-29950 with a stop loss below Rs 29870.

Nirmal Bang has come out with its technical report on Gold, Silver, Copper, Nickel, Lead and Crude Oil. According to the research firm Gold prices can touch Rs 30200-30280. One can go long around Rs 30000-29950 with a stop loss below Rs 29870.

Gold prices are expected to test 30200-30280 on higher end. One can long around 30000-29950 with a stop loss below 29870.

Silver prices are likely to continue the up move till 55100 55200, it is recommended to buy around 54300 -54200 with a stop loss below 53800.

Copper prices recovered from the support at 420, for the day we expect the metal to trade within the range from 421 to 428. One can buy around 423 -422 with a stop loss below 420 for the target at 426 428.

Nickel prices are expected to witness buying interest if sustains above 900 one can maintain a stop below 890 for the upside target at 915 -918.

Lead prices are expected to test 125.30 125.50 on higher end. One can keep a stop loss above 126.30 for the target at 123 - 122.50.

Crude price are trading within the range from 5000 to 5075, one can trade within the range or sell if sustains below 5000 one can sell with a stop loss above 5035.

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To read the full report click here

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