Bullions: Bullion counter on MCX may trade sideways with some lower level buying can be seen after the recent fall. On domestic bourses Gold can trade in range of 30,700-31,000 while Silver can trade in range of 58,500-59,900 in near term.
Base Metals: Base metals counter may also foresee some short covering. Copper rose on Thursday. Copper can trade in range of 424-434 in MCX while Lead can trade in range of 108.30-110 in MCX while Zinc may find support near 97-98 while Nickel may also find support near the 875-885 in MCX. Aluminium may move in range of 103-104.50 in MCX.
Energy: Crude oil counter can trade lower with negative bias however Middle East tensions may cap the downside. Overall it may trade in mixed range of 4,600-4,700.
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