Gold: One can witness a range bound move 28900 to 29300 during the day. Prices are expected to remain under pressure.
Silver prices may bounce till 45300 -45600. One can witness a bounce if prices sustained above 44000 during the day. However prices should witness selling pressure from the resistance zone mention.
Copper price are expected to witness a range bound move from 442 to 453. One can trade within the range with a negative bias.
Nickel prices have witness pull back from the fall but could not sustained above 855. One can witness a range bound session from 835 to 860. Fresh buying expected above 855 close.
Lead prices are expected to trade weak one can sell on rise around 128.50 - 129 with a stop loss above 130.20. we expect prices to test 125 -124 on the downside.
Crude oil prices have bounced from the recent lows and tested the resistance at 6100. One can sell around 6050 -6070 with a stop loss above 6140.
(Prices in Rs.)
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Expect Gold prices to remain under pressure: Nirmal Bang
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