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Natural Gas Daily outlook for intraday .

Natural gas March contract closed at 169 down up 1.30 rupees. Today the support will be around 164 then 160. If it will close below 160 it may free fall for trgt 152-145. In upside resistance is now seen near 181, if move and sustain and move above that level may bring some recovery and then retest to 186 -190 zones may take place.


MCX Natural Gas MAR trading range for the day is expected among the key support at 160 and resistance at 181.


Recommendation:


·         Natural Gas buy around 167-165 sl below 161 trgt 171-177 and more upside possible.


·         In down side Natural gas sell 160 sl above 164 trgt 155-151and more down side possible.

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