MCX Gold is likely to trade with sideway to negative bias during today’s trading session - Monarch Networth Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
COMMODITY TECHNICAL OUTLOOK
MCX Gold is likely to trade with sideway to negative bias during today’s trading session. Support is at Rs.46700 levels whereas resistance is at Rs.47400- 47600 levels. Selling is advised below Rs.46700 levels for the target prices of Rs.46500 – 46300 levels
MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.63000 levels whereas resistance is at Rs.63800 – 64200 levels. Selling is advised below Rs.63000 levels for the target prices of Rs.62600 – 62300 levels
MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs. 4970 levels whereas resistance is at Rs.5070 – 5130 levels. Buying above 5070 is advised targeting Rs.5130-5160 levels
MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs. 714 levels whereas resistance is at Rs.725 - 730 levels. Buying above 725 is advised targeting Rs.730-735 levels
CHART OF THE DAY
MCX- COPPER (DAILY CHART)
Strategy: Intraday
COPPER prices traded with positive bias during the last trading session
It was closed above the upward trend line in intraday trading session
For Intraday session we expect COPPER prices to extend upside if price sustains above 725 levels whereas 714 and 710 will act as an immediate support levels
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
