Sell Gold on rise with stoploss above Rs 31130: 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 30950 -31000 whereby it is expected to witness selling pressure, one could sell on rise with a stop loss above 31130.

Silver prices are expected to bounce till 59450 -550, one can sell with a stop loss above 60000. Prices are expected to trade within a broad range from 60300 to 58500.

Gold prices are expected to bounce till 30950 -31000 whereby it is expected to witness selling pressure, one could sell on rise with a stop loss above 31130.

Copper prices are expected to hold the support at 424 – 423, prices are expected to test 432 -433 on higher end. For intraday one can maintain a stop loss below 421.

Nickel prices are expected to trade within the range from 870 to 900. One can trade within the range with a positive bias maintain a stop loss below 860.

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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