Sell Naturalgas Below 220 SL Above 227 TGT 212/208 - Axis Securities Ltd
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Gold
MCX Gold opened with a downward gap and traded with extreme volatility on either side.The chart pattern suggests that if Gold breaks and sustains below 58700 level it would witness selling which would drag the price towards 58400-58200 levels. Important resistance for the day is placed at 59000.
SELL GOLD BELOW 58700 SL ABOVE 58900 TGT 58400/58200
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 220 level it would witness selling which would drag the price towards 212-208 levels. Important resistance for the day is placed at 227.
SELL NATURALGAS BELOW 220 SL ABOVE 227 TGT 212/208
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