The outlook for Lead will continue to be negative until prices stay below 111.25. Immediate support for the counter is seen 107.90. Failure to break
below this level will trigger an intraday bounce towards 110/110.65 levels. Major support is seen between 107—106.80 areas.
Nickel prices closed above its resistance at 575 levels yesterday. Momentum above 583 will see prices bounce further towards 590 levels. Weakness
below 568 levels will push the counter lower towards 560. A daily close below 560 will see prices correct towards 551.40/544 levels again.
Aluminium needs to sustain above 101 to rally towards 101.55/102.10 levels. Failure to sustain above this level will see prices slip towards 99.45. Any
major weakness is likely only if prices sustain below 99.40. Counter will slip towards 98.60/98.30 in that case.