MCX Natural gas May contract closed at 160.30 down by 4.60 Rs. For intraday support will be around 159 If sustain below this level the next level will be 156.2-152.8. In the upper side resistance is around 167 above this level the next level will be 170.
Natural gas trading range for the intraday is between the support at 159 and resistance at 167.
Â· Buying on dips 160-158 sl 155 trgt 165.5-170-174.
Â· buying above 167 sl below 164 trgt 170.8-174.1.
Disclaimer: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the Commodities mentioned. Readers using the information contained herein are solely responsible for their actions. The information and views contained herein are believed to be reliable but no responsibility or liability is accepted for errors of act or opinion. Analysts may or may not have trading or investment positions in the commodity mentioned herein.
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