Jun 14, 2012 01:14 PM IST | Source: Moneycontrol.com

Buy Copper at around Rs 409; SL below Rs 405: Nirmal Bang

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude.

Buy Copper at around Rs 409; SL below Rs 405: Nirmal Bang

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude.

Gold prices are expected to test 30150 on higher end. However, one should remain cautious unless closes above 30180 in long position at these levels. oscillators are suggesting a positive move ahead.

Silver prices are expected to trade positive to the tune of 55900, prices can further move up till 56700 one can hold buying position with a stop loss below 54100.

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 409 with a stop loss below 405. Fresh buying could witness above 415.

Nickel prices washed out all the gains and ended lower, one can witness a down move till 930. For intraday one can sell around 955 – 958 with a stop loss above 967.

Lead prices are expected trade within a range from 104.80 to 106.80, resisting the middle Bollinger band. For fresh position one should wait for a range break.

Crude prices are witnessing a range bound move. one can buy around 4620 with a stop loss of 4580 targeting 4685 – 4700. Oscillators suggesting a flat to positive move ahead.

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 on the attachment

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