May 25, 2012, 02.19 PM | Source: Moneycontrol.com
Nirmal Bang has come out with its report on Copper, Gold, Silver, Nickel, Lead and Crude.
, Nirmal Bang |
Copper prices are likely to trade within 421 to 428, one can sell around 425.50 -426.50 with a stop loss above 430.
Gold prices are likely to hold the range from 28750 to 29150, in the morning session we can witness selling pressure till 28750 but with oscillators entering the positive zone one can expect a buying interest around 28800 -28750.
Silver prices are likely to trade within the range from 52800 to 54250, one can trade within the range. fresh buying likely after it closes above 54250.
Nickel prices are expected to trade between the range from 930 to 960. One can maintain a stop loss below 920 for long position.
Lead prices are expected to trade higher to the tune of 109.60 -110. One can buy around 107.80 with a stop loss below 106.50.
Crude prices could witness buying if it is sustained above 5040, one can enter long around 5070 with a stop loss below 5030 for the upside target at 5140 -5160.
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To read the full report click here
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Mehraboon Irani, Principal and Head of Nirmal Bang