Gold likely to trade Rs 30900-31300 range: Nirmal Bang

Nirmal Bang has come out with its technical report on precious metal, base metal and Crude Oil. The research firm says Gold prices are expected to bounce till Rs 31200 -31300 whereby it is expected to witness some profit taking. Prices are expected to trade within a range from Rs 30900 to 31300.

Silver prices are expected to bounce till 60200 - 60300 one can buy around 59450 with a stop loss below 59000. Prices are expected to trade within a broad range from 60300 to 59000. Fresh buying is expected above 60300 on closing basis.

Gold prices are expected to bounce till 31200 -31300 whereby it is expected to witness some profit taking. Prices are expected to trade within a range from 30900 to 31300.

Copper prices are holding the support at 424 – 423 on closing basis, we expect the metal to bounce till 430 -432. One can buy with a stop loss below 420.

Nickel prices are expected to trade within the range from 850 to 890. One can trade within the range with a positive bias maintain a stop loss below 840.

Lead prices as expected to bounce above 110 till 112 -112.50, for intraday one can buy above 110 with a stop loss below 108.80

Crude price are expected to bounce if sustained above 4650 – 4640 one can maintain a small stop loss below 4625 for the target of 4700.

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