Buy Silver Above 60100 SL Below 59600 TGT 60800/61400 - Axis Securities
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Silver
MCX Silver opened with an upward gap and remained in positive terrain throughout the day. On the daily chart the It has formed a Bullish candle with a long lower shadow indicating buying at lower levels. The price is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend.
BUY SILVER ABOVE 60100 SL BELOW 59600 TGT 60800/61400
Copper
MCX Copper opened on a positive note and extended buying momentum in the first half. The chart pattern suggests that if Copper crosses and sustains above 760 level it would witness buying which would push the Copper towards 767-774 levels. Important support for the day is around 755 level.
BUY COPPER ABOVE 760 SL BELOW 755 TGT 767/774
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