Buy Gold Above 50750 SL Below 500 TGT 51000/51200 - Axis Securities
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Gold
MCX Gold opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Gold crosses and sustains above 50750 level it would witness buying which would push It towards 51000-51200 levels. Important support for the day is around 50550.
BUY GOLD ABOVE 50750 SL BELOW 500 TGT 51000/51200
Copper
MCX Copper opened with an upward Sap and remained in Positive terrain throughout the day. Copper is trading above 50 hourly SMA's indicating positive bias in the intraday. Copper continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 638 SL BELOW 633 TGT 644/650
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