Gold prices have breached the trend-line support i. e. 14490 and closed below that. Prices are taking support around 14400 levels, if the prices trades below 14400 levels we can expect the counter to test 14250-14200 level in the short run. Negative cross-over of RSI with MA and cross-over of +DI with -DI indicate the trend remains bearish below 14400.

Silver Prices have breached their support of 21800; next support area is 21400 if it continues to trade below 21400 we can expect the prices to test 20800 levels in the short run. Crossed over in +DI and -DI with rising ADX indicate the prices to remain negative for the short term. Areas of resistance are 21800 and 22000.

Copper: We have seen the prices have given very good run up in for the last week but couldn't sustain prices are taking resistance around 247-248 levels. We are expecting the prices to test 237 in the short run. If the counter continues to trade below 237 then 234 seems more likely.

Nickel is the only counter from the base metals complex which is showing continuous gradual upside. We are expecting the counter to continue the trend if it trades above 750 levels. Major area of resistance is 800 levels; if the counter closes above 800 with good volume we can expect it to test 830-845 levels in the short run.

Aluminium made yearly high in the last week but couldn't sustain at higher levels. The counter has breached the trendline support of 77 on Friday and closed below that indicate the prices are more likely to test 75.30 and 73.20 if trades below 77. Crossed over in RSI and MA with the closed below 9DMA indicate the prices remain sideways to down for the short run.