Buy Silver Above 57200 Sl Below 56800 Tgt 57700/58500 - Axis Securities
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Silver
MCX Sil ne d with ard gap but witnessed selling from the opening tick to trade on a negative note. The chart pattern suggests that if Silver crosses and sustains above 57200 level it would witness buying which would push the price towards 58000-58600 levels. Important support for the day is around 56300.
BUY SILVER ABOVE 57200 SL BELOW 56800 TGT 57700/58500
Crudeoil
MCX Crudeoil opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The hourly strength indicator RSI is moving upwards and is above its reference hourly chart Crudeoil is trading above 20 and 60 hourly EMA's indicating positive bias in the intraday.
BUY CRUDEOIL ABOVE 6900 SL BELOW 6820 TGT 7000/7070
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