SILVER prices traded with positive bias during the last trading session - Monarch Networth Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.48500 levels whereas resistance is at Rs.49600- 49800 levels. Buying is advised above Rs.49200 levels for the target prices of Rs.49500 – 49800 levels
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.71000 levels whereas resistance is at Rs.72800 – 73500 levels. Buying is advised above Rs.72000 levels for the target prices of Rs.72800 – 73500 levels
* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.5000 levels whereas resistance is at Rs.5170 – 5200 levels. Buying above 5100 is advised targeting Rs.5170-5200 levels
* MCX Copper looks strong if Rs.750 level is breached. Buying above Rs.750 is advised targeting Rs.760– 765 levels
CHART OF THE DAY
Strategy: Intraday
* SILVER prices traded with positive bias during the last trading session
* It is having a support of Horizontal trend line and sustaining above the same
* For Intraday session we expect SILVER prices to trade with positive bias if price sustains above 72000 levels whereas 71000 and 70200 will act as an immediate support levels
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
