Copper
Friday 13 September, 2024
Technical Outlook
In the previous session, copper showed a narrow trading range and closed 0.81% positive. Today's session started higher but is experiencing selling pressure at higher levels. Overall, copper is showing a positive trend due to signs of a pick-up in Chinese demand.The current resistance level (R1) is at 812, and the support level (S1) is at 791
Research Report Call
Buy call -Buy above 802 for 805 -808 Keeping SL 800
Sell call- sell below 797 for 795- 793 Keeping SL 799
Copper Technical Chart
Validity
30/09/2024
Pivot
798.62
Buy Above
800.09
R1
802.11
R2
804.23
R3
808.00
Stop Loss
799.54
Pivot
798.62
(All values are in INR)
Sell Below
797.14
S1
795.12
S2
793.00
S3
789.23
Stop Loss
799.54
Crudeoil
Friday 13 September, 2024
Technical Outlook
Over the last 2 trading sessions, crude oil has shown a strong uptrend rally. In the previous session, it closed 2.09% positive, supported by supply concerns stemming from the impact of Hurricane Francine on the US Gulf of Mexico. Today's session opened in muted trading with higher consolidation. The current resistance level (R1) is placed at 6,028, and the support level (S1) is placed at 5590.
Research Report Call
Buy call -Buy above 5840 for 5880 -5950 Keeping 5800
Sell call-Sell below 5790 for 5730 -5680 Keeping 5820
Crude Oil Technical Chart
Validity
19/09/2024
Pivot
5787.00
Buy Above
5816.12
R1
5856.16
R2
5898.02
R3
5972.64
Stop Loss
5805.20
Pivot
5787.00
(All values are in INR)
Sell Below
5757.88
S1
5717.84
S2
5675.98
S3
5601.36
Stop Loss
5805.20
Gold
Friday 13 September, 2024
Technical Outlook
Gold has broken out of the consolidation range, showing a strong uptrend in the previous session and closing 1.25% positive. The dollar weakened amid the prospect of a reduction in U.S. interest rates, while palladium has gained 15% so far this week. Today's session opened at higher levels and is experiencing indecision at these levels. The current resistance level (R1) is at 73811, and the support level (S1) is at 72279
Research Report Call
Buy call -Buy above 73194 for 73230 - 73320 Keeping 73010
Sell call- sell below 72970 for 72900 -72800 Keeping 73000
Gold Technical Chart
Validity
04/10/2024
Pivot
72524.67
Buy Above
72686.27
R1
72908.47
R2
73140.77
R3
73554.87
Stop Loss
72625.67
Pivot
72524.67
(All values are in INR)
Sell Below
72363.07
S1
72140.87
S2
71908.57
S3
71494.47
Stop Loss
72625.67
Naturalgas
Friday 13 September, 2024
Technical Outlook
Currently, natural gas is experiencing an uptrend rally. In the previous session, it closed 4.43% positive, and in today's session, natural gas is continuing the uptrend rally. At higher levels, it is experiencing buying interest, buoyed by a below-estimate storage build and expectations of limited impact on demand The current resistance level (R1) is at 209 while the support level (S1) is at 187
Research Report Call
Buy call -Buy above 200 for 203-206 Keeping SL 198
Sell call- sell below 198 for 196-194 Keeping SL 200
Natural Gas Technical Chart
Validity
25/09/2024
Pivot
196.37
Buy Above
198.51
R1
201.46
R2
204.54
R3
210.03
Stop Loss
197.71
Pivot
196.37
(All values are in INR)
Sell Below
194.22
S1
191.27
S2
188.19
S3
182.70
Stop Loss
197.71
Silver
Friday 13 September, 2024
Technical Outlook
Over the last 4 trading sessions, silver has experienced a strong uptrend rally, with the previous session closing 3.13% positive. This was underpinned by speculations that the US Federal Reserve will deliver a supersized 50 basis point rate cut next week. Today's session started with an uptrend and will continue to be monitored The current resistance level (R1) is at 87,192, and the support level (S1) is at 83,834
Research Report Call
Buy call -Buy above 87870 for 88030 - 88100 Keeping 87655
Sell call- sell below 87490 for 87355 - 87250 Keeping 87510
Silver Technical Chart
Validity
05/12/2024
Pivot
86291.00
Buy Above
86742.52
R1
87363.36
R2
88012.42
R3
89169.44
Stop Loss
86573.20
Pivot
86291.00
(All values are in INR)
Sell Below
85839.48
S1
85218.64
S2
84569.58
S3
83412.56
Stop Loss
86573.20
Zinc
Friday 13 September, 2024
Technical Outlook
Over the last 3 trading sessions, zinc has been showing an uptrend rally, with the upcoming strong resistance level at 272. In today's session, it is experiencing buying interest at higher levels, and in the previous session, it closed 1.99% positive. The current resistance (R1) is placed at 273, and the support (S1) is placed at 259
Research Report Call
Buy call -Buy above 265 for 267- 271 Keeping SL 263
Sell call- sell below 262 for 260 -258 Keeping SL 264
Zinc Technical Chart
Validity
30/09/2024
Pivot
262.97
Buy Above
263.76
R1
264.85
R2
265.99
R3
268.02
Stop Loss
263.46
Pivot
262.97
(All values are in INR)
Sell Below
262.17
S1
261.09
S2
259.95
S3
257.92
Stop Loss
263.46
Note: Above information is not recommending any buy or sell position, this is for your reference only and trading or investment in commodities & derivatives is subject to market risk.
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
