Buy Naturalgas Above 192 SL Below 186 TGT 199/205 - Axis Securities
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Copper
MCX Copper opened on a flat note and remained in a Small range throughout the day. The chart pattern , suggests that if Copper sustains below 779 level it would witness selling which would drag the price towards 773-770 levels. Important resistances for the day are placed at Press 786
SELL COPPER IN THE RANGE OF 779.60-780.10 SL ABOVE 786 TGT 773.50/768
Naturalgas
MCX Naturalgas opened with a downward gap but witnessed buying in the second half of the session which pushed prices to day's high. The daily strength indicator RSI is moving upwards and is above its reference Cote line indicating positive Naturalgas continues to remain in an uptrend for the short term, so buy continues to be our preferred strategy.
BUY NATURALGAS ABOVE 192 SL BELOW 186 TGT 199/205
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