Copper
Thursday 10 October, 2024
Technical Outlook
Copper price markets following recent volatility reassessed the impact that Chinese stimulus will have on base metal demand in the near term. The current resistance level (R1) is at 841, and the support level (S1) is at 811
Research Report Call
Buy call -Buy above 829 for 831 -835 Keeping SL 827
Sell call- sell below 825 for 823- 820 Keeping SL 826
Copper Technical Chart
Validity
31/10/2024
Pivot
829.50
Buy Above
831.33
R1
833.85
R2
836.48
R3
841.18
Stop Loss
830.64
Pivot
829.50
(All values are in INR)
Sell Below
827.67
S1
825.15
S2
822.52
S3
817.82
Stop Loss
830.64
Crudeoil
Thursday 10 October, 2024
Technical Outlook
Crudeoil after falling for two consecutive sessions, supported by concerns over potential supply risks. The current resistance level (R1) is placed at 6,324, and the support level (S1) is placed at 5910
Research Report Call
Buy call -Buy above 6170 for 6210 -6290 Keeping 6130
Sell call-Sell below 6097 for 6060 -6000 Keeping 6120
Crude Oil Technical Chart
Validity
21/10/2024
Pivot
6324.00
Buy Above
6360.48
R1
6410.64
R2
6463.08
R3
6556.56
Stop Loss
6346.80
Pivot
6324.00
(All values are in INR)
Sell Below
6287.52
S1
6237.36
S2
6184.92
S3
6091.44
Stop Loss
6346.80
Gold
Thursday 10 October, 2024
Technical Outlook
Gold prices had eased to its lowest level in nearly three weeks, weighed down by diminishing expectations that the Fed will implement more aggressive policy actions.The current resistance level (R1) is at 75744, and the support level (S1) is at 74146
Research Report Call
Buy call -Buy above 75150 for 75230 - 75300 Keeping 75080
Sell call- sell below 74970 for 74880 -74700 Keeping 75000
Gold Technical Chart
Validity
05/12/2024
Pivot
75155.67
Buy Above
75260.63
R1
75404.95
R2
75555.83
R3
75824.79
Stop Loss
75221.27
Pivot
75155.67
(All values are in INR)
Sell Below
75050.71
S1
74906.39
S2
74755.51
S3
74486.55
Stop Loss
75221.27
Naturalgas
Thursday 10 October, 2024
Technical Outlook
Naturalgas forecasts for above-normal fall temperatures that curb nat-gas demand for heating are weighing on prices. The current resistance level (R1) is at 175, while the support level (S1) is at 156.
Research Report Call
Buy call -Buy above 225 for 227-281 Keeping SL 222
Sell call- sell below 221 for 218-215 Keeping SL 223
Natural Gas Technical Chart
Validity
28/10/2024
Pivot
223.07
Buy Above
224.49
R1
226.45
R2
228.50
R3
232.14
Stop Loss
223.96
Pivot
223.07
(All values are in INR)
Sell Below
221.64
S1
219.68
S2
217.64
S3
213.99
Stop Loss
223.96
Silver
Thursday 10 October, 2024
Technical Outlook
Currently showing positive momentum, with higher levels reflecting increased buying interest. The current resistance level (R1) is at 90537, and the support level (S1) is at 87449
Research Report Call
Buy call -Buy above 89227 for 89320 - 89450 Keeping 89160
Sell call- sell below 89000 for 88980 - 88870 Keeping 89100
Silver Technical Chart
Validity
05/12/2024
Pivot
89853.67
Buy Above
90169.99
R1
90604.93
R2
91059.64
R3
91870.21
Stop Loss
90051.37
Pivot
89853.67
(All values are in INR)
Sell Below
89537.35
S1
89102.41
S2
88647.70
S3
87837.13
Stop Loss
90051.37
Zinc
Thursday 10 October, 2024
Technical Outlook
Overall, a strong positive movement is being experienced at higher levels. The current resistance (R1) is placed at 281, and the support (S1) is placed at 271.
Research Report Call
Buy call -Buy above 278 for 280- 282 Keeping SL 276
Sell call- sell below 277 for 275 -273 Keeping SL 278.60
Zinc Technical Chart
Validity
31/10/2024
Pivot
280.63
Buy Above
281.73
R1
283.24
R2
284.81
R3
287.62
Stop Loss
281.32
Pivot
280.63
(All values are in INR)
Sell Below
279.54
S1
278.03
S2
276.45
S3
273.65
Stop Loss
281.32
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.
