MTECHTIPS MCX NATURALGAS INTRADAY trading tips 07-08-2017


MTECHTIPS MCX NATURALGAS INTRADAY trading tips 07-08-2017

MTECHTIPS Mcx Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Naturalgas Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Immediate support for Naturalgas is 175.Resistance for the Naturalgas is 185-189-190-193-199-201- Short term and Intraday Level of NATURALGASCurrently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend For short term buy only if close above 181.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 181.8 but caution- close Below low5 fresh selling can occur The Naturalgas is now trading in highly oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 180.3 with a stop at 176.8 Below 175.9 go for sell

WWW.MTECHTIPS.COM

07489294118-119

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s