IGI Logo

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 60800 level it would witness selling which would drag It towards 60000-59500 levels.Important resistance for the day is placed at 61300.

SELL SILVER BELOW 60800 SL ABOVE 61300 TGT 60000/59500

Crudeoil

MCX Crudeoil opened with a downward gap but witnessed buying from the days to trade positive. It continues to move in a Higher Top and Higher Bottom formation on the hourly chart indicating positive bias. Crudeoil continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.

BUY CRUDEOIL ABOVE 9550 SL BELOW 9450 TGT 9670/9800

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer