Buy Gold In The Range Of 51300-51250 SL BELOW 51050 TGT 51600/51800 - Axis Securities
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GOLD
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Gold continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY GOLD IN THE RANGE OF 51300-51250 SL BELOW 51050 TGT 51600/51800
Crudeoil
MCX Crudeoil opened on a positive note and extended Duying momentum in the first half. The chart pattern suggests that if Crudeoil crosses and sustains above 6880 level it would witness buying which would push the price towards 7020-7100 levels. Important support for the day is around 6600.
BUY CRUDE OIL IN THE RANGE OF 6880-6870 SL BELOW 6750 TGT 7020/7100
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