Gold Oct MCX : Break above 30840 would trigger fresh buying towards 30890/30920 levels. Key support level to watch is at 30750 levels, which is likely to hold upside view. CMP 30822

Silver Sep MCX : Prices took pullbacks from lower levels. Key resistance levels to watch for intraday is at 56860/57180 levels, which are likely to limit the upside gains. Sustianed trades below the same it is likely to see downside correction. Break above 57180 it is likely to continue its gains towards 57450/57800 levels. Supports are seen at 56550/56390 levels. CMP 56710

Nickel Aug MCX : A stiff resistance is seen at 909-910 levels. Break above the same it is likely to continue its uptrend towards 919 levels. key support level to watch for intraday is at 895 levels, which is likely to hold upside view. We suggest buying on dips as long as 895 support holds. CMP 906.2

Base metals Update : We might see pullbacks for intraday. Kindly go through the key supports and resistance levels for intraday.

  • Copper Aug MCX : Supports : 423/421 Resistances : 427/429. CMP 424.45
  • Zinc Aug MCX : Supports : 101.3/100.6 Resistances : 102.2/102.8. CMP 101.8
  • Lead Aug MCX : Supports : 107.2/106.6 Resistances : 108/108.7. CMP 107.6
  • Nickel Aug MCX : Supports : 901/895 Resistances : 910/919. CMP 906
  • Aluminium Aug MCX : Supports : 103.5/102.9 Resistances : 104.3/105. CMP 103.9
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