Buy Natural Gas Above 715 SL Below 705 TGT 730/740 - Axis Securities
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Naturalgas
MCX Naturalgas opened with an upward gap remained in positive terrain throught the day.The daily strength indicator RSI is moving upwards and is above Its reference line indicating positive bias, Naturalgas continues to remain in an uptrend for the intraday,so buying on dips continues to be our prefered strategy.
Buy Natural Gas Above 715 SL Below 705 TGT 730/740
Aluminium
Mcx Aluminium opened with a downward gap and traded with a downward gap and traded with extereme volalility on either side and gained bullish momentum in the second half of the session .The chart pattern suggests that if Aluminium crosses and sustains above 213.50 level it would witness buying which would push it towards 217-218 levels .Important support for the day is around 218.
Buy Aluminium Above 213.50 SL Below 211 TGT 217/218
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