See range bound trade in Copper: Nirmal Bang
Nirmal Bang has come out with its report on metals and Crude Oil. According to the research firm, Copper prices are expected to trade range bound from Rs 420-412. One can trade within the range with a negative bias maintain a stoploss above Rs 420.50.
March 28, 2013 / 13:13 IST
Nirmal Bang has come out with its report on metals and Crude Oil. According to the research firm, Copper prices are expected to trade range bound from Rs 420-412. One can trade within the range with a negative bias maintain a stoploss above Rs 420.50.
Gold prices recovered from the support zone 29400- 29350, fresh buying for intraday expected above 29700. Prices are expected to trade within the range from 29850 to 29400, one can trade within the range.Silver prices are expected to trade within a range from 53500 to 54300, one can expect a bounce till 54300. Prices are expected to trade weak.Copper prices are expected to trade range bound from 420 to 412 one can trade within the range with a negative bias maintain a stop above 420.50.Nickel prices are expected to witness a sideways move from 910 to 930 one can trade within the range.Lead prices recovered from the low at 114.60 one can expected price to bounce till the resistant point at 116.50, whereby we expect selling pressure to continue.Crude prices are expected trade within the range from 5300 to 5230. We may witness profit taking till 5230-5200.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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