Nickel prices may test Rs 925-930: Nirmal Bang

Nirmal Bang has come out with its technical report on precious metals, base metals and crude oil. According to the research firm, Nickel prices are expected to test Rs 925-930 on higher end we expect supportive buying at Rs 905 -908.

Gold prices are expected to bounce to the tune of 31250 -31320 as in rupee depreciation would also add support to the precious metal. One can buy around 31150.

Silver prices are likely to test 61000-61100 on higher end. One can buy around 60400 with a stop loss below 60000. A sustain move above 61100 would trigger fresh buying.

Copper prices are expected to trade positive and test 445-446 on higher end one can buy around 440 with a stop loss below 436.

Nickel prices are expected to test 925-930 on higher end we expect supportive buying at 905 -908.

Lead prices as expected tested 114.50 on higher end, one can buy on dips around 114 with a stop loss below 113 for the target at 116.50 -117.

Crude price are expected to trade within the range from 4820 to 4920 one can trade within the range. A sustained move above 4920 could trigger fresh buying.

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To read the full report click on the attachment

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