As we were waiting for any trend to develop in base metals and finally after yesterday's selling now I can say that base metals have entered into a weak zone & looks like a bear trend has started. Now we would look for short opportunities.
Gold & Silver also also witnessed the same selling due to rupee getting stronger as mentioned yesterday. Although the downtrend is not confirmed but some indicators shows heavy weakness.
In Natural Gas also shorts were build and its losing momentum as of now. Although it will take some time to form a new trend.
Only Crude is the one counter in which we didnt see any selling and it has bounced back from its day low but strength will come only above 2890 levels.
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