SUNDAY
WEEKLY UPDATE
Mcx lead last week dropped from 122 to 117 levels and recovered to close at 118 levels,
over all trend for the commodity remains bearish and we expect further correction up
to 116 levels sell on rises is near resistance is advisable with stops above 122 for
the said targets, immediate supports for the commodity is at 117 and 116 resistance
at 119.5 and 122 levels.
Weekly call :
Sell mcx lead on rises at 119.5 – 120
with SL above 122
for targets 117 and 116.
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