Positive Opening Will Expect in All Segments...

DAILY MCX BULLETIN FOR 04 SEPTEMBER 2023

Bullions are still moving in a bullish zone…

Gold - Again Profit booking witnessed from the higher levels in the last trading session. Now Gold has near support around 59300 and upside resistance around 59600. Break and close above 59600 will take it towards 59800 and then to 56000 levels.

Silver Dec- Silver again slipped from the higher levels and closed on a negative note in the last trading session. Now Silver has major support around 74800 and upside resistance around 75700 levels. Break and sustain above 75700 will expect an upside move till 76100-76300 levels.

Metals still looks Shiney…

Zinc- Zinc performed well and closed above the crucial resistance in the last trading session. Now Zinc has near support around 218 and upside resistance around 222. Break above 222 will test 225+ levels. Buy on dips around support will be a good entry for the traders.

Copper - Copper successfully achieved our intraday targets and managed to close above the strong support levels in the last trading session. Now Copper has next support around 738 and upside resistance around 745 levels. Break and sustain above 745 will see an upside move till 749-752 levels in days to come.

Energy Segment looks bullish…

Natural Gas - Natural Gas unable to breach its near support and managed to closed above the same in the last trading session. Now Natural Gas has major support around 225 and upside resistance around 234. Break above 234 will test 238-242 levels.

Crude Oil - Crude Oil skyrocketed and achieved 70K target in the last trading session. Now Crude Oil has near support around 6960 and near resistance around 7115 levels. Break above 7115 will test 7180 and then to 7200 levels.

Daily Top Pick (04/09/2023)

Buy Zinc on dips around 219. Stop loss below 217. Target- 222-224.

*T&C Apply…