Buy Silver Above 56900 SL Below 56400 TGT 57600/58000 - Axis Securities
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Silver
MCX Silver opened on a flat note and witnessed extreme volatility on either side for most part of the session. The chart pattern suggests that if Silver crosses and sustains above 56900 level it would witness buying which pushes the price towards 57600-58000 levels. Important support for the day is around 56200.
BUY SILVER ABOVE 56900 SL BELOW 56400 TGT 57600/58000
Copper
MCX Copper opened with an upward gap and witnessed selling for the first part of the session. The chart pattern suggests that if Copper breaks and sustains below 640 level it would witness selling which would drag the price towards 635-630 levels. Important resistance for the day is placed at 652.
SELL COPPER BELOW 640 SL ABOVE 644 TGT 635/630
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