Go long in Silver with stoploss below Rs 54400: Nirmal Bang

Nirmal Bang has come out with its report on precious metal, base metal and Crude Oil. According to the research firm, Silver prices are likely to trade sideways from Rs 54400 to 55500. One can go long with a stop loss below Rs 54400.

Gold prices recover from the lows of 29111, if holds 29350 then we expect a bounce till 29500 -29550 which could witness selling pressure. Expected intraday range 29550-29200.

Silver prices are likely to trade sideways from 54400-55500. One can long with a stop loss below 54400.

Copper prices are expected to bounce till 427-428 whereby we expect the metal to witness selling pressure one can maintain a stop loss above 430.50. Intraday price range 428-422.

Nickel prices are expected to witness a sideways move from 900 to 922. One can trade within the range.

Lead prices are expected to bounce till 122-122.50 one can buy if sustains above 120 with a stop loss below 118.80.

Crude price are expected to trade within the range from 5050 to 4940. One can trade within the range with a positive bias.

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