Bullions still trading in a green zone while metals looks mixed...

WEEKLY EQUITY BULLETIN FROM 24 TO 28 JAN 2022 Bullions are trading in a green zone…

Gold - Gold has given a slightly weak move in the last trading session but still trading in a green zone. Now Gold has next major support around 48000 and upside resistance around 48550. Break and a daily close above 48550 will test 48800-49000+ levels in upcoming sessions. Buy on dips around major support will be the best entry for the traders. Fresh weakness may expect on a daily close below 48000 levels.

Silver - Silver has given a solid move in the last week and looks good on the weekly chart. Now Silver has near and major support around 64600 and upside near resistance around 65500 levels. Break and sustain above 65500 will test 66400-67000 levels in upcoming sessions. Buy on dips around major support will be the best entry for the traders.

Metals look mixed on the charts…

Nickel - Nickel outperformed in the last trading sessions and closed the top. Now Nickel has next major support around 1760 and upside resistance around 1850-1860. If Nickel is able to close above 1860 then it will test 1900-1920 levels in upcoming sessions. Be cautious at lower levels and don't jump for aggressive selling till any reversal on the charts.

Copper - Copper was unable to breach its range and close within the range in the last trading session. Now Copper has next crucial support around 748 and upside near resistance around 762. Break and sustain below 748 will see a sharp fall till 744-740 levels in upcoming sessions. Any upside move will expect on a break above 762 levels till 766-770 mark.

Zinc - Zinc is trading on a bullish note. Now Zinc has the next resistance around 300 and the next major support around 294 levels. Break and sustain above 300 will test 303-305 levels in upcoming sessions.

Energy segment still looks mixed on the charts...

Natural Gas - Natural Gas has given a slightly positive move but still trading in a bearish zone. Now Natural Gas has near support around 285 and upside resistance around 300. Break and sustain above 300 will test 305-308 levels in upcoming sessions. Break below 285 will again test 280-276 levels.

Crude Oil - Crude Oil looks slightly weak from the upper levels. Now Crude Oil has near support around 6200 and near resistance around 6400 levels. Break and close below 6200 will drag it towards 6100-6050 levels in upcoming sessions.

Weekly Top Pick

Sell Crude Oil below 6250. SL-6380. Target-6160-6100. *T&C Apply...