Sell Natural Gas Below 615 SL Above 625 TGT 600/590 - Axis Securities
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Gold
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 50800 level it would witness buying which would push It towards 51100-51300 levels. Important support for the day is around 50400.
BUY GOLD ABOVE 50800 SL BELOW 50600 TGT 51100/51300
Natural Gas
MCX Naturalgas opened sharply lower with a downward gap and selling pressure throughout the session. Natural Gas continues to remain in a downtrend in the intraday, so selling on rallies continues to be our preferred strategy. Natural Gas is trading below 9,20&60 hourly SMA indicating negative bias in the prices.
SELL NATURAL GAS BELOW 615 SL ABOVE 625 TGT 600/590
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