Sell Copper with stoploss above Rs 451: 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, Copper prices are expected to trade sideways to negative within the range from Rs 451-441. For intraday one can sell with a strict stoploss above Rs 451.

Gold prices have witnessed a major fall after a bounce back to the resistance zone at 31500-31550. We expect selling pressure to continue sell on rise around 31150 – 31200 with a stop loss above 31320 for the down side target at 30850-30750. 30700 seems to be a key support below which we expect prices to witness a sell off till 29500-29000.

Silver prices are expected to trade negative till 60000-59500, one can sell on rise around 61000 – 61200 with a stop loss above 61550.

Copper prices are expected to trade sideways to negative within the range from 451-441. For intraday one can sell with a strict stop loss above 451.

Nickel prices expected to trade within a range from 985 to 955, one can trade within the range. Fresh buying expected above 990.

Lead prices are expected to trade positive one can buy on dips around 125.50 for the upside target at 129.

Crude prices are expected to trade positive till 4940-4960 one can buy around 4880 with stop loss 4835.

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