Buy Silver above Rs 61000: Nirmal Bang

Nirmal Bang has come out with its technical report on precious metals, base metals and crude oil. According to the research firm, Silver prices are resisting Rs 61000-61100 zone. Prices are expected to trade within the range from Rs 61000 -60000. Fresh buying recommended above 61000.

Gold prices are expected to bounce to the tune of 31450 if sustained above 31300, one can buy around 31300 with a stop loss below 31220. one could witness profit booking around 31450 -31500.

Silver prices are resisting 61000 -61100 zone. Prices are expected to trade within the range from 61000 to 60000. Fresh buying recommended above 61000.

Copper prices as expected tested the zone at 445 -446. For intraday one can sell around 443 – 443.50 with a stop loss above 447 for the target around 438 – 436.

Nickel prices are expected to trade within the range from 935 to 910. One can buy on dip around 915 -910 with a stop loss below 900.

Lead prices as expected tested 114.50 - 114 on lower end, one can buy on dips around 114 with a stop loss below 112.80 for the target at 116.30 -116.60.

Crude price are expected to test the resistance zone at 4960 – 4980 if prices sustain below that one can sell with a small stop loss above 4990. Prices are expected to test 4910-4900.

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