Sell Natural gas Below 515 SL Above 523 TGT 500/490 - Axis Securities
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Natural gas
MCX Naturalgas opened with a downward gap and traded under small range throughout the session. The chart pattern suggests that if Naturalgas breaks and sustains below 515 level it would witness selling which would drag It towards 500-490 levels. Important resistances for the day is placed at 545.
SELL NATURALGAS BELOW 515 SL ABOVE 523 TGT 500/490
Zinc
MCX Zinc opened with a downward gap and traded with extreme volatility on either side. The price is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend. Zinc is trading above 20&60 hourly SMA's indicating positive bias in the intraday.
BUY ZINC ABOVE 318 SL BELOW 316 TGT 321/323
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