Sell Naturalgas Below 214 SL Above 219 TGT 207/202 - Axis Securities Ltd
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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 58700 level it would witness buying which would push the price towards 59000-59200 levels.Important support for the day is around 58400.
BUY GOLD ABOVE 58700 SL BELOW 58500 TGT 59000/59200
Naturalgas
MCX Naturalgas opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Naturalgas breaks and sustains below 214 levle it would drag the price towards 207-202 level.Important resistance for the day is placed at 222.
SELL NATURALGAS BELOW 214 SL ABOVE 219 TGT 207/202
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