Positive Opening will Expect in Metals and Bullions...

DAILY MCX BULLETIN FOR 11 SEPTEMBER 2023

Bullions showing some positive signs at lower levels…

Gold - After multiple bearish sessions, now Gold is moving around the major support zone. Now Gold has near crucial support around 58800 and upside resistance around 59200. Break and close above 59200 will take it towards 59400-59500 and fresh upside move will expect above 59500 levels.

Silver- Silver again fell sharply and closed on a bearish note in the last trading session. Now Silver has next support around 71000 and upside resistance around 72200 levels. Break and sustain above 72200 will expect an upside move till 72500-72800 levels.

Positive Opening will expect for the day in metals …

Zinc- Zinc slipped from the higher levels and closed around the major support in the last trading session. Now Zinc has near support around 216 and upside resistance around 220. Break above 220 will test 222+ levels. Buy on dips around support will be a good entry for the traders.

Copper - Copper reached at crucial support in the last trading session. Now Copper has next support around 720 and upside resistance around 725 levels. Break and sustain above 725 will see an upside move till 730-734 levels in days to come.

Energy Segment still trading in a positive zone…

Natural Gas - Natural Gas bounced and closed on a slightly positive note in the last trading session. Now Natural Gas has near support around 208 and upside resistance around 218. Break above 218 will test 222 levels.

Crude Oil - Crude Oil again rocket and achieved our intraday target in the last trading session. Now Crude Oil has near support around 7150 and near resistance around 7300 levels. Break above 7300 will test 7300 and then to 7360 levels.

Daily Top Pick (11/09/2023)

Buy Zinc around 218 with a Stop loss below 215.50. Target- 221-222.

*T&C Apply…