MONDAY
WEEKLY UPDATE
Mcx Natural gas was trading in the positive zone and was holding well above the support
levels at 175, but for the last whole week it was not able to give a breakout above
or hold above 177.5 levels, only a decisive breakout will give further rally up
to 190 levels, till then there are opportunity for the prices to correct up
to 165 levels, we recommend either to buy near supports or above breakouts.
Weekly Call :
Mcx Natural gas buy only above 178
and add further on dips up to 176
with SL below 171 for targets 185 – 190.
Or
Buy Mcx Natural gas on dips near 165 – 166
with SL below 161
for targets 175 – 178 – 180.
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