Gold may trade in Rs 31370-31000 range today: Nirmal Bang

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel and Lead. According to the research firm, Gold prices are expected to trade within the range from Rs 31370 to Rs 31000. Trend for the day is likely to be sideways to down. One can initiate a sell if sustains below Rs 31200 with a stop loss above Rs 31320.

Silver prices are expected to trade within the range from 61100 to 62200. For intraday if holds 61100 one can expect a bounce back to the tune of 61800 -62000.

Copper prices are expected to trade within a range from 450 to 440. One can trade within the range with a positive bias.

Nickel prices are expected to trade within a range from 950 to 985. One can buy around 970 with a stop loss below 959.

Lead prices are holding strong we expect buying to continue above 125.10 to the tune of 126.50. one can also buy on dip around 123.50 with a stop loss below 122.50.

Crude price are likely to remain sideways from 4750 to 4650 one can initiate a buy if sustains above 4750. Prices are expected to test 4820 on higher end.

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