Sell copper with stop loss above Rs 420: Nirmal Bang
Find out the trading strategies for various commodities.
Gold prices are expected to trade within a range from Rs 30,100 to 30,250, one can buy around Rs 30,180 - 30,150 or enter long if sustains above Rs 30,250. Oscillators indicating a positive move ahead.
Silver prices have broken the range bound move and has closed above the resistance of Rs 54,000. We expect prices to trade higher till Rs 55,300 – 55,500. One can buy on dips around Rs 54,200.
Copper prices are likely to witness selling pressure around Rs 417- 418. One can sell with a stop loss above Rs 421.
Nickel prices are expected to trade within Rs 955 – 980. One can trade within the range.
Lead prices are expected to trade within the range from Rs 103.50 to 106.50. one can trade with a positive bias.
Crude prices are expected to trade lower till Rs 5270 – 5300 one can maintain a stop loss above Rs 5440.