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Aug 17, 2012, 11.34 AM IST
Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude. According to the research firm, Gold prices are expected to test Rs 30000 – 29950 on lower end.
Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude. According to the research firm, Gold prices are expected to test Rs 30000 29950 on lower end.
Gold prices as expected tested 30200 -30250 zone on higher end and witnessed profit booking, we can witness price to test 30000 29950 on lower end. Unless price close above 30250 we recommend not to enter into fresh long. Silver prices expected to witness a range bound move from 54000 to 53000.one trade within the range with a positive bias, fresh buying recommended above 54000 on closing basis. Copper prices are likely to witness selling pressure around 417. One can sell with a stop loss above 420. Nickel prices are expected to trade within 955 980. Prices are expected to strengthen above 973. Lead prices can bounce till 104.20 -104.40, one can enter around 102.50 with a stop loss below 101.50. Crude prices are expected to trade higher around 5450. One can maintain a intraday stop loss below 5240. 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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