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Jan 02, 2013, 12.40 PM IST | Source: Moneycontrol.com

Gold: Remain caution in long positions, says Nirmal Bang

Nirmal Bang has come out with its report on Silver, Gold, Copper, Nickel and Lead. According to the research firm, Gold prices are expected to trade within a range from Rs 30950 to Rs 30650, one can remain caution in long position as selling pressure is expected at higher end around Rs 30950-31000.

Nirmal Bang has come out with its report on Silver, Gold, Copper, Nickel and Lead. According to the research firm, Gold prices are expected to trade within a range from Rs 30950 to Rs 30650, one can remain caution in long position as selling pressure is expected at higher end around Rs 30950-31000.

Silver prices are expected to trade within the range from 57600 to 58400. One can trade within the range.

Copper prices are expected to open positive and test 448 -450 on higher end one can enter long at 443 with a stop loss below 440.

Nickel prices are expected to trade within a range from 940 to 960. One can buy around 945 with a stop loss below 935.

Lead prices are expected to trade positive one can long around 127 with a stop loss below 126 prices are expected to test 128.80 129.50.

Crude price are expected to remain positive as holding 4950 on lower end we expected prices to test 5080 -5100 on upside. One can buy around 5050 with a stop loss below 5010.

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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