Sell Silver Below 61000 SL ABOVE 61500 TGT 60300/59700 - Axis Securities
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Naturalgas
MCX Naturalgas opened with an upward gap and remained in positive terrain throughout the day. On the hourly chart Naturalgas is trading above 20 and 60 EMA's indicating positive bias in the intraday. On the daily chart the It has formed a Bullish candle with a long lower shadow indicating buying at lower levels.
BUY NATURALGAS ABOVE 525 SL BELOW 518 TGT 535/542
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 61000 level it would witness selling which would drag the price towards 60300-59700 levels. Important resistance for the day is placed at 62000.
SELL SILVER BELOW 61000 SL ABOVE 61500 TGT 60300/59700
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