Buy Gold around Rs 31500-31460; target 31850: Nirmal Bang

Written By Unknown on Senin, 12 November 2012 | 14.02

Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude. According to the research firm, one can buy Gold around Rs 31500 -31460 with a stop loss below Rs 31350 with a target of Rs 31850.

Gold prices are expected to remain positive. One can buy around Rs 31500 -31460 with a stop loss below Rs 31350 we expect price to test Rs 31850 on higher end.

Silver prices are expected to remain positive we expect prices to test 62200 62600 on higher end one can buy around 60700 60500 with a stop loss below 59900.

Copper prices are expected to trade within the range from 411 to 422. One can buy around 413 -412 with a stop loss above 409.

Nickel prices are consolidating and are expected to trade within a range from 860 to 890 one can trade within the range.

Lead prices might face resistance on higher end at 119.70 -120 one could exit long position and sell with a stop loss above 121.50.

Crude price are expected to trade within the range from 4670 to 4780 we expect support at 4670 and recommend to buy with a stop loss below 4620.

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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