Buy Aluminium Above 277 SL BELOW 275 TGT 280/282 - Axis Securities
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Silver
MCX Silver opened sharply lower with a downward gap. However, buying support at lower levels recovered some of the earlier losses.The chart pattern suggests that if Silver sustains above 70250 level it would witness buying which would lead the It towards 71000-71700 levels.Important Support for the day is around 69600.
BUY SILVER IN THE RANGE OF 70250-70150 SL BELOW 69600 TGT 71000/71700
Aluminium
MCX Aluminium opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Aluminium continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy
BUY ALUMINIUM ABOVE 277 SL BELOW 275 TGT 280/282
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