Buy SILVER ABOVE 94500 SL BELOW 93700 TGT 95500/96000 - Axis Securities Ltd
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Silver
MCX Silver opened sharply lower with a downward gap. However, buying pressure in the second half of the session pushed prices higher towards days high. The chart pattern suggests that if Silver crosses and sustains above 94500 level it would witness buying which would push the price towards 95500/96000 levels. Important support for the day is around 93000.
BUY SILVER ABOVE 94500 SL BELOW 93700 TGT 95500/96000
Copper
MCX Copper opened with a downward gap and traded with extreme volatility on either side and gained bullish momentum. The price is moving in a Higher Top and Higher Bottom formation on the daily chart indicating a sustained up trend. Copper continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 940 SL BELOW 935 TGT 946/950
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