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Buy Gold; may test Rs 26900-26950: Nirmal Bang

According to Nirmal Bang Gold prices are expected to test Rs 26900-26950 levels on higher end. One can buy around Rs 26650-26600 maintaining a stop loss below Rs 26400.

July 19, 2013 / 13:17 IST

Nirmal Bang's report on metals & energy


Gold price are expected to trade positive prices are expected to test 26900 – 26950 on higher end. One can buy around 26650 - 26600 maintaining a stop loss below 26400.


Silver prices are holding 39800 as support one can buy the white metal maintaining a stop below 39800. Prices are expected to test 41000 -41250 on higher end.


Copper price are expected to trade sideways from 411 to 421 for trading one can buy with a stop loss below 411.


Nickel prices are expected to trade within the range from 820 to 845 for the day. One can trade within the range with a negative bias and sell on rise around 840 -843 with a stop loss above 849.


Lead prices are expected to trade sideways from 120 to 123.50 for trading one can buy around 121.00 with a stop below 120.


Crude oil prices are expected to witness buying to continue one can buy on dips at 6420 with a stop loss below 6370 price are expected to test 6520.


(Prices in Rs.)

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.

first published: Jul 19, 2013 01:17 pm

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