MCX Silver is likely to trade sideways 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
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.48800 levels whereas resistance is at Rs.49400- 49600 levels.
* MCX Silver is likely to trade sideways to negative bias during today’s trading session. Support is at Rs.65700 levels whereas resistance is at Rs.66200- 66700 levels.
* MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.5960 levels whereas resistance is at Rs.6100 – 6160 levels. Selling below 5960 is advised targeting Rs. 5900 – 5860 levels.
* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.727 levels whereas resistance is at Rs.742 – 747 levels. Selling below 727 is advised targeting Rs. 722 – 717 levels.
CHART OF THE DAY
Strategy: Intraday
* NATURAL GAS prices traded with positive bias during last trading session
* It was closed above downward sloping trend line in intraday trading session.
* For Intraday session immediate support is at 388 –382 level and resistance at 398 – 405. If price sustains above the immediate resistance level of 398 level then it will provide further momentum towards 405 – 409 levels on the higher side.
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
