Buy Silver Above 74200 SL Below 73700 TGT 74800/75200 - Axis Securities Ltd
GOLD
MCX Gold opened on a flat nore and remained in a small range throughout the day. The chart pattern suggests that if Gold crosses and sustains above 60100 leve it would witness buying which would push the price towards 60400-60700 leveles.Important support for the day is around 59700.
BUY GOLD ABOVE 60100 SL BELOW 59900 TGT 60400/60700
Silver
MCX Silver opened on a flat note and buying momentum throughout the session let it trade near the day's high. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Silver continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY SILVER ABOVE 74200 SL BELOW 73700 TGT 74800/75200
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