Buy Silver Above F74500 LS Below 73700 TGT 75500/76000 - Axis Securities
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Silver
Mcx Silver opened with ann upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Silver crosses and sustains above 74500 level it world witness buying which wourld push the price towards 75500 - 76000 levels. Important support for the day is around 73700.
BUY SILVER ABOVE F74500 LS BELOW 73700 TGT 75500/76000
Copper
MCX Copper opened sharply lower with a downward gap and selling pressure throughout the session dragged it lower to trade near the day`s low. The daily strength indicator RSI is moving downwards and is quothing below its reference line indicating negative bias. Copper continues to remain in a downtrend in the short to medium term, so selling on rallies continues to be our preferred steater
SELL COPPER BELOW 731 SL ABOVE 735 TGT 726/722
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