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Silver

MCX Silver opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Silver continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy.

BUY SILVER ABOVE 68000 SL BELOW 67500 TGT 68800/69400  

Aluminium

MCX Aluminium opened on a flat note and remained  in a small range  throughout the day. The chart pattern suggests thatif Aluminium crosses and sustains above 206 level it would witness buying which would push the price towards 207.50-208 levels. Important support for the day is around 204.50.

BUY ALUMINIUM ABOVE 206 SL BELOW 205 TGT 207.50/208

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