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Gold may test Rs 26700 on higher end: Nirmal Bang

According to Nirmal Bang Gold prices are expected to bounce after a swift fall. Prices have tested the crucial support at Rs 25800. As long as prices hold Rs 25800 avoid selling at these levels for trading one can buy with a stop loss below Rs 25750. Prices may test Rs 26550 & Rs 26700 on higher end.

June 27, 2013 / 02:22 PM IST

According to Nirmal Bang Gold prices are expected to bounce after a swift fall. Prices have tested the crucial support at Rs 25800. As long as prices hold Rs 25800 avoid selling at these levels for trading one can buy with a stop loss below Rs 25750. Prices may test Rs 26550 & Rs 26700 on higher end, says the research firm.


Silver prices too are expected to bounce till 40200 -40600 whereby again selling pressure is expected for trading one can buy around 39200 with a stop loss below 38800 overall white metal weak.


Copper prices are expected to edge higher one can buy around 406 -407 with a stop loss below 403 prices may test 413 – 415 on higher end.


Nickel prices are expected to trade within the range from 845 to 810. One can buy around 820 with a stop loss below 809.


Lead prices are expected to trade positive for the day prices are expected to test 125.50 - 126 on higher end one can buy around 122.80 with a stop loss below 121.50.


Crude oil prices are expected to witness a range bound move from 5850 to 5720. A sustains move above 5820 could lead to a fresh up-move.

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.

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