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Sell Gold below Rs 31850 for intraday: 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 31630 to Rs 31930. One can trade within the range. Prices are resisting Rs 31870 on higher end for intraday one can sell if prices sustains below Rs 31850.

November 23, 2012 / 11:42 IST

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 31630 to Rs 31930. One can trade within the range. Prices are resisting Rs 31870 on higher end for intraday one can sell if prices sustains below Rs 31850.


Silver prices are expected to remain positive one can buy on dips around 61850 -61800 with a stop loss below 61400.


Copper prices are expected to hold 424.50 -424. Charts are showing a classic rounding bottom in formation. We recommend buying on dips with a stop loss below 420.


Nickel prices are expected to witness profit booking to the tune of 900. Buying interest could be witnessed at 900 -895.


Lead prices are expected to trade within the range from 121 to 118.50 one can trade with a positive bias at 118.50 with a stop loss below 117.80.


Crude price are likely to witness a sideways movement from 4880 to4780. Price may test 4800 on lower end.


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To read the full report click on the attachment

first published: Nov 23, 2012 11:39 am

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