Bullions and Metals looks good for the fresh move...

DAILY MCX BULLETIN FOR 25 SEPTEMBER 2023

Flat Opening will expect in Bullions…

Gold - Gold started the week with positive momentum but erased all weekly gains and closed flat on a weekly basis. Now Gold has near crucial support around 58800 and upside resistance around 59100. Break and close above 59100 will take it towards 59300-59500 and a fresh upside move will expect above 59500 levels.

Silver- Silver looks good on the weekly chart and closed on a bullish note in the last trading session. Now Silver has next support around 72800 and upside resistance around 73600 levels. Break and sustain above 73600 will expect an upside move till 74000-74300 levels.

Metals trying to enter in a positive zone…

Zinc Oct- Zinc recovered well and closed on a positive note in the last trading session. Now Zinc has near support around 223 and upside resistance around 227. Break above 227 will test 230+ levels. Buy on dips around support will be a good entry for the traders.

Copper Oct- Copper performed as per our levels in the last trading session. Now Copper has next support around 715 and upside resistance around 725 levels. Break and sustain above 725 will see an upside move till 730-733 levels in days to come.

Bulls trying to take command in Energy Segment…

Natural Gas - Natural Gas formed a doji candle in the last trading session. Now Natural Gas has near support around 215 and upside resistance around 222. Break above 222 will test 226-230+ levels.

Crude Oil - Crude Oil witnessed both side movement on the charts. Now Crude Oil has near support around 7380 and near resistance around 7560 levels. Break above 7560 will test 7630 and then to 7700 levels.

Daily Top Pick (25/09/2023)

Buy Silver above 73600 with a Stop loss below 73000. Target- 74100-74500.

*T&C Apply…