Mixed Opening will expect in all segments...

DAILY MCX BULLETIN FOR 06 SEPTEMBER 2023

Now Bullions are trading around crucial support…

Gold - Gold slipped and closed on a negative note in the last trading session. Now Gold has near support around 59150 and upside resistance around 59500. Break and close above 59500 will take it towards 59700 and then to 59800 levels.

Silver- Silver performed well and achieved our intraday targets in in the last trading session. Now Silver has near support around 73200 and upside resistance around 74500 levels. Break and sustain above 74500 will expect an upside move till 75000-75300 levels.

Metals again looks good on the charts…

Zinc- Zinc still moving around the resistance zone and closed around the same in the last trading session. Now Zinc has near support around 218.50 and upside resistance around 222. Break above 222 will test 225+ levels. Buy on dips around support will be a good entry for the traders.

Copper - Copper bounced from the support level and closed on a positive note in the last trading session. Now Copper has next support around 734 and upside resistance around 742 levels. Break and sustain above 742 will see an upside move till 745-748 levels in days to come.

Crude Oil on Fire in Energy Segment…

Natural Gas - Natural Gas again slipped below the support level and closed on a negative note in the last trading session. Now Natural Gas has major support around 214 and upside resistance around 222. Break above 222 will test 225-228 levels.

Crude Oil - Crude Oil skyrocketed and achieved our intraday target in the last trading session. Now Crude Oil has near support around 7050 and near resistance around 7300 levels. Break above 7300 will test 7350 and then to 7380 levels.

Daily Top Pick (06/09/2023)

Buy Copper above 742 with a Stop loss below 738. Target- 746-749.

*T&C Apply…