Bullion, base metals to remain sideways:

We expects bullions and base metals to remain sideways, while energy segment to trade firm.

It expects bullion counter to remain sideways with some short covering can be seen tracking positive global cues. ''On domestic bourses stronger local currency rupee can cap the upside. Gold can trade in range of 30,700-31,000 while silver can trade in range of 57,500-58,500 in near term. Spot gold traded nearly flat on Monday and as investors awaits a string of economic data this week to gauge the health of the world's top economies. Hedge funds and money managers cut the size of net longs in gold futures and options to a four-month low in the week to January 8 as bullion prices tumbled on concerns the Federal Reserve might withdraw stimulus, data from the U.S. Commodity Futures Trading Commission showed.''

''Base metals may remain sideways with positive bias as decline in greenback can support its prices higher. Copper may trade in range of 442-448 in MCX while zinc may trade in range of 109-111.  Nickel may trade in thin range of 955-968 in MCX and Aluminum can move in range of 113-115 .While battery metal Lead can trade in range of 125-127 in near term. London copper futures edged higher on Monday, bouncing back after losses in the previous session, although a shaky outlook for demand from the world's top copper consumer China could limit gains. China's copper imports fell 6.6 percent in December from the previous month and most Chinese consumers will likely hold off on spot purchases of refined copper until after the Lunar New Year break in February. China's gross domestic product data, due out on Friday, will be the key number to watch as investors seek confirmation of whether the world's No. 2 economy snapped seven quarters of slower growth in the fourth quarter.''

Meanwhile, it expects crude oil to remain on firm path along with natural gas in MCX. ''Crude oil can trade in range of 5,110-5,170 in MCX while Natural gas may witness some short covering after recent fall and can trade in range of 180-185 in MCX. U.S. crude futures rose to almost $94 a barrel on Monday, leaving less than a USD 17 a barrel gap from London-traded Brent crude, after the start-up of the expanded Seaway Pipeline late last week, a major project that could ease distortions in global oil markets. The Seaway oil pipeline, newly expanded to carry up to 400,000 barrels per day (bpd), began pumping crude on Friday from an over-supplied U.S. Midwest region to the Gulf Coast, which many traders have been betting will support benchmark U.S. oil prices after being depressed at the landlocked U S futures delivery hub of Cushing, Oklahoma.''