While Gold and Silver remain positive and Crude readying for a rise, even the Metals seem to be readying for some moves.
The LEAD (MCX) chart shows a high probability move after consolidating for some time.
I expect that a break above Rs 58.50 should give targets in the vicinity of Rs 64-68 for the medium term trader. Keep a stoploss at Rs 54.50.
As for NIFTY - the break out levels are 2900 and 2750 - either side break out should give good movements.
Happy trading !!
CA Rajiv D Khatlawala
Head Research and Training
Jhaveri Securities Ltd.
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