The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.20 levels - Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.58300 - 58100 levels whereas resistance is at Rs.59000 - 59300 levels.
* MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.68700 - 68200 levels whereas resistance is at Rs.69700 - 70200 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.5850 - 5750 levels whereas resistance is at Rs. 6050 - 6150 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.727 - 723 levels whereas resistance is at Rs.735 - 739 levels
CHART OF THE DAY
MCX-CRUDE OIL (DAILY CHART)
Strategy: Intraday
* CRUDE OIL prices traded with positive bias during the last trading session; and prices are trading above upward trend line.
* For Intraday session immediate support is at 5850 - 5750 level and resistance at 6050- 6150. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 6050 - 6150 levels on higher side.
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