Gold prices recovered from the support zone of Rs 29400- 29350, fresh buying for intraday expected above Rs 29700. Gold prices are expected to trade within the range from Rs 29850 to Rs 29400, one can trade within the range.
Silver prices are expected to trade within a range from Rs 53500 to Rs 54300, one can expect a bounce till Rs 54300. prices are expected to trade weak.
Copper prices are expected to trade range bound from Rs 420 to Rs 412 one can trade within the range with a negative bias maintain a stop above Rs 420.50.
Nickel prices are expected to witness a sideways move from Rs 910 to Rs 930 one can trade within the range.
Lead prices recovered from the low at Rs 114.60 one can expected price to bounce till the resistant point at Rs 116.50, whereby we expect selling pressure to continue.
Crude prices are expected trade within the range from 5300 to Rs 5230. We may witness profit taking till Rs 5230 - Rs 5200.
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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Expect bounce in Silver till Rs 54300: Nirmal Bang
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