MTECHTIPS MCX NATURALGAS INTRADAY trading tips 20-10-2016
MTECHTIPS MCX Naturalgas is in long- medium- short-medium- short- term bull phase .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Naturalgas is 208-204-194-191-187-.Resistance for the Naturalgas is 216-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend For short term buy only if close above 219.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 221.3 but caution- close Below low5 fresh selling can occur The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 215.1 with a stop at 208 Below 205.9 go for sell.