Bullions looks weak and energy looks mixed for the day...

DAILY MCX BULLETIN ON 29 MARCH 2022

Bullions looks weak on the charts…

Gold - Gold looks weak and closed on a slightly weak note in the last trading session. Now Gold has near support around 51250 and upside resistance around 51800. Break and sustain below 51250 will test 51050-50800 levels. Any fresh upside move will expect on break above 51800 levels till 52100 levels.

Silver - Silver too trading on lower levels on the charts. Now Silver has near support around 67800 and upside resistance around 69000 levels. Fresh upside move will expect on close above 69000 levels till 70000 levels. Major weakness will expect on close below 67800 levels till 67200-66800 levels.

Metals are trading in a range…

Zinc - Zinc is trading in a range and formed a small doji in the last trading sessions. Now Zinc has near support around 335 and upside resistance around 340. If Zinc able to sustain above 340 then it will test 343-346 levels again.

Copper - Copper has given a slightly positive move in the last trading session. Now Copper has next support around 810 and upside resistance around 824 levels. If Copper break above 824 then it will test 828-832 levels in upcoming sesssions. Fresh bearish move will expect on close above 810 levels.

Aluminium - Aluminium is trading on support levels and formed a green candle on the charts. Now Aluminium has near support around 288 and near resistance around 293 levels. Break and sustain above 293 will test 295-298 levels in upcoming sessions.

Energy Segment looks mixed on charts...

Natural Gas - Natural Gas has given a slightly weak move in the last trading session. Now Natural Gas has near support around 415 and upside resistance around 435. Break and sustain above 435 will test 444+ levels in upcoming sessions.

Crude Oil - Crude crashed sharply in the last trading session. Now Crude Oil has near support around 7950 and near resistance around 8400 levels. Sell on rise will be a good trading strategy for the day. If Crude Oil able to close below 7950 then it will test 7750-7600 levels in upcoming sessions.

Daily Top Pick

Buy Copper around 817. SL-810. Target-824-828. *T&C Apply...