Buy Silver Above 61000 SL Below 60500 TGT 61800/62400 - Axis Securities
SILVER
MCX Silver opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Silver crosses and lw sustains above 61000 level it would witness buying which would push It towards 61800-62400 levels Important support for the day.
BUY SILVER ABOVE 61000 SL BELOW 60500 TGT 61800/62400
CRUDEOIL
MCX Crudeoil opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The hourly strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Crudeoil continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred stratoor.
BUY CRUDEOIL ABOVE 8510 SL BELOW 8400 TGT 8640/8700
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