Sell Silver Below 55600 SL Above 56000 TGT 55000/55500 - Axis Securities
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Silver
MCX Silver opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Silver breaks and sustains below 55600 level it would witness selling which would drag the price towards 55000-54500 levels. Important resistance for the day is placed at 56200.
SELL SILVER BELOW 55600 SL ABOVE 56000 TGT 55000/55500
Crudeoil
MCX Crudeoil opened sharply lower with a downward gap and selling pressure throughout the session dragged it to trade near day's low. The chart pattern suggests that if Crudeoil breaks and sustains below 6900 level it would witness selling which would drag the price towards 6700-6600 levels. Important resistance for the day is placed at 7200.
SELL CRUDEOIL BELOW 6900 SL ABOVE 7000 TGT 6700/6600
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