IGI Logo

Gold

MCX Gold opened with an upward gap and witnessed selling for the first part of the session. The chart pattern suggests that if Gold crosses and sustains below  61100 levels it would witness selling which would drag the price towards 60800-60400 levels.Important resistance for the day is around 61700.

SELL GOLD BELOW 61100 SL ABOVE 61300  TGT 60800/60400

Crudeoil

MCX Crudeoil opened on a flat note and remained in a small range throughout the day.The chart pattern suggests above 5750 levels it would witness buying which would push the price towards 5950-6000 levels.Important support for the day is around 5600. 

BUY CRUDEOIL ABOVE 5750 SL BELOW 5600 TGT 5950/6000

To Read Complete Report & Disclaimer Click Here
 

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime