Bullions and Metals are on firing mode...

DAILY MCX BULLETIN ON 14 OCT 2021

Bullions skyrocketed as per our expectations…

Gold - Gold skyrocket in the last trading session and closed on a bullish note. Now Gold has near support around 47200 and upside resistance around 48000. Buy on dips around 47500 will be the best buying opportunity for the traders. Above 48000 it will test 48200-48350 levels.

Silver - Silver too performed well and closed on a bullish note in the last trading session. Now Silver has near support around 62000 and the next resistance around 63200 levels. Break and sustain above 63200 will see fresh upside move till 63500-63800+ levels for the day. Traders can enter on dips around 62400 for the intraday gain of 400-700 points.

Metals again on a firing mode…

Nickel - Nickel formed a bullish pattern and ready for the fresh upside. Now Nickel has near support around 1470 and upside resistance around 1490. Break and sustain above 1490 will again test 1500 and more upside move will expect above 1500 levels till 1515-1525 levels.

Copper - Copper skyrocketed and closed on a bullish note in the last trading session. Now Copper has near crucial support around 740 and the upside move will expect till 765-775 levels in upcoming sessions. Buy on dips around 750 will be a good entry-level for the intraday traders.

Lead - Lead is trading in a narrow range and we will expect a major move in upcoming sessions. Now Lead has near support around 180 and upside resistance around 183 levels. Above 183 will test 186+ levels in upcoming sessions.

Energy segment again closed on a mixed note...

Natural Gas - Natural Gas has given a slightly positive move in the last trading session. Now Natural Gas has near support around 400 and upside resistance around 420. Break and sustain above 420 will test 426-432 levels in upcoming sessions.

Crude Oil - Crude Oil is trading around higher levels and traders remain cautious at these levels. Now Crude Oil has near support around 6000 and near resistance around 6100 levels. Either side breakout will decide further move in upcoming sessions.

Daily Top Pick

Buy Nickel above 1490. SL-1476. Target-1504-1515. *T&C Apply...