Copper prices may trade in Rs 445-438 range: Nirmal Bang

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude Oil. According to the research firm, Copper prices are likely to trade within the range from Rs 445-438. One can trade within the range with a negative bias.

Gold prices could bounce till 30400 whereby we expect selling pressure to continue. Expected price range for the day 30400-30000.

Silver prices are expected to bounce as prices are holding 56000. Prices are expected to test 56800-57000 on higher end. One could buy if sustains above 56000 with a stop loss below 55800.

Copper prices are likely to trade within the range from 445 to 438. One can trade within the range with a negative bias..

Nickel prices are expected to witness selling pressure around 980-982. One can sell with a stop loss above 989 for the down side target at 960-955.

Lead prices witnessed a fouls breakout with no follow up buying which suggest a exit from long position. Intraday range for the day 128-131.

Crude price are expected to witness a sideways to negative move. One can expect an intraday move from 5270 to 5190. Selling on rise should be the strategy for the day.

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