MENU

Published on 2/08/2021 9:19:16 AM | Source: Monarch Networth Capital Ltd

MCX Silver is likely to trade with sideways to positive bias during today`s trading session - Monarch Networth Capital

Posted in Commodities Reports| #Commodity Tips #Monarch Networth Capital Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.47300 levels whereas resistance is at Rs.48500- 48600 levels. Buying is advised above Rs.48000 levels for the target prices of Rs.48500 – 48600 levels

* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.66500 levels whereas resistance is at Rs.69000 – 69500 levels. Buying is advised above Rs.68200 levels for the target prices of Rs.69000 – 69500 levels

* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.5430 levels whereas resistance is at Rs.5600 – 5650 levels. Buying above 5530 is advised targeting Rs.5600-5650 levels

* MCX Copper looks strong if Rs.755 level is breached. Buying above Rs.755 is advised targeting Rs.762-770 levels

 

CHART OF THE DAY

MCX- NATURAL GAS (DAILY CHART)

 

Strategy: Intraday

* NATURAL GAS prices traded with negative bias during the last trading session

* It is having a good support of upward trend line and likely to test the same

* For Intraday session we expect NATURAL GAS prices to extend downside if price sustains below 286 levels whereas 297 and 300 will act as an immediate support levels

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer