Gold price are expected to test Rs 31500 -31400 on higher end. However the rally is lead by the weak rupee as comex gold price are trading lower. One can sell on rise with a stop loss above 31500.
Silver prices are expected to open flat to negative one can sell if prices sustains below 51600. A profit taking raking is expected.
Copper price are expected to open flat one can expect a range bound session from 472 to 462.
Nickel prices are expected to witness a profit taking one can sell for trading if sustains below 942 maintaining a stop loss above 950.
Lead prices are expected to trade positive. Prices are expected to test 146.00. One can buy on dips with a stop loss below 141.00
Crude oil prices are likely to open up with supportive rupee. We expect a flat to negative movement for the second half session. Nymex crude is resisting USD 108 and we expect it to test 103 on lower end.
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Expect gold prices to test Rs 31500: Nirmal Bang
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