Wednesday, 30 April 2014

Daily Forecast 30 April 2014


Please note that below forecast is based on the closing basis and technical indicators at that time. Market situations may change depending on what level it opens. You are advised to consult your financial adviser or us before taking any positions.
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Gold

Now below 28800 Gold may slip down till next support 28500. Below 28800 sell on rise.

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 Silver
Below 43000 keep sell on rise view. Above 41750 buy on rise. If silver close below 41750 then go for sell for TGT 41200 and then 38000.

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Copper

Copper June Expiry has support at 410 and then 408.

Tomorrow Below 415 sell with Sl 416 for TGT 410 and then 409.

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 Aluminium

 Aluminium May expiry is trading below 110.70  which was its strong support and now resistance.
Below 110.70 keep sell on rise view with SL 111.25  for TGT 107.75.

Breakdown below 107.70 can bring fresh selling rally. Till then buy near 107.70 with SL 107.20 for new high target.

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 Lead

Lead May Expiry has strong support at 126.50. If broken then next TGT 123.

Buy with Strict SL 126.40 for TGT 128.80, 130.

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 Zinc

 Zinc May expiry Above 123 buy Zinc with SL 122.80 for TGT 126.15 and above

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 Nickel

Below 1116 keep sell on rise view with SL 1117 for TGT 1075, 1064.

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 Crude

 Crude is has a support at 6084. Watch for breakdown below 6084 on daily closing basis.

Below 6141 Crude Sell on rise.

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 Natural Gas

 We will suggest keep buying NG on every dips above 280. For TGT 295 and then 304, 317.

If  NG closes below 280 then next TGT 253. Here again buy for TGT 304, 317…

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