MTECHTIPS MCX NATURALGAS INTRADAY trading tips 01-12-2016
MTECHTIPS MCX Naturalgas is in perfect uptrend .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 210-201-197-193-. Immediate resistance for Naturalgas is 234
Short term and Intraday Level of NATURALGAS
Last few days Naturalgas is moving up and the trend looks goodCurrently Naturalgas is in HOLD LONG position In short term Naturalgas is in strong up trend so hold with stop at 225 The Naturalgas is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 233.2 with a stop at 227.6 Below 226 go for sell with a stop at 231.7.