Sell Gold for target of Rs 29200-29000: Nirmal Bang

Nirmal Bang has come out with its technical report on metals and Crude Oil. According to the research firm, Gold prices have witnessed a break down breaching Rs 29800; expect the pressure to continue. One should sell the precious metal for the down side target at Rs 29200-29000.

Silver prices are expected to trade weak till 50000, one can sell on rise around 51700 maintaining a stop loss above 52600.

Gold prices have witnessed a break down breaching 29800; we expect the pressure to continue. One should sell the precious metal for the down side target at 29200-29000.

Copper prices are holding the support at 405 one can expect a bounce till 410-411. Further weakness can be observed below 405. Price range expected for intraday 411-402.

Nickel prices are expected to witness a sideways to down move after the price break down. One can sell on rise around 903 with a stop loss above 915.

Lead prices are expected to trade weak one can sell on rise till 113.50 with a stop loss above 115.00.

Crude prices are expected to witness a range bound move from 5350 to 5240. One can sell around 5340 -5350 with a stop loss above 5410.

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