Buy Gold Around 73000 SL 72800 TGT 73300 - Axis Securities Ltd
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Gold
Gold prices traded volatile in the last session and closed in red due to geopolitical tension. On Friday morning there are reports that Israel conducted Air strikes near the nuclear facility on Iran which increased war like scenerio in Middle East. Gold prices are up by more than 1 percent becasue of it. In the Spot prices is trading above $2410 level. As long as $2400 level is intact on the downside. Buy on dips is recommended for Gold
BUY GOLD AROUND 73000 SL 72800 TGT 73300
Crude oil
Crude oil prices remained volatile and closed on a flat note in the last session around 6933 level. On Friday morning NYMEX Crude oil is up by more than 4 percent due to Geopolitical tension in Middle East. In MCX prices will open on a positive note. It is heading towards the immediate resistance zone of $85 level. Breakout above the mentioned level may push prices higher $88 level in few session.
BUY CRUDE OIL AROUND 7100 SL 7060 TGT 7160/7220
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