Buy gold on decline, recommends Nirmal Bang

Written By Unknown on Senin, 13 Januari 2014 | 16.03

Nirmal Bang's report on metals & energy

Gold prices are expected to trade within the range from 28900 to 29200, one can buy on dips around 28950 with a stop loss below 28840.

Silver prices are trading in a broad range from 45500 to 43800. Prices are expected to consolidate. Trades are advised to trade within the broad range.

Copper price have witnessed a fall till 454. We expect prices to bounce till 463 -464 one can buy maintaining a stop loss below 454.however selling is expected at 463 -464.

Nickel prices are expected to test 870 -875 on higher end. One can buy if prices sustains above 857 with a stop loss below 844.

Lead prices are expected to bounce if sustained above 131 on higher end. One can long maintaining a stop loss below 129.50.

Crude oil prices may bounce as prices are over sold one can expected a bounce till 5770 -5800 whereby selling is expected with a stop loss above 5810. Fresh selling below 5650.

(Prices in Rs.)

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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