Monday, May 14, 2018

MCX LEAD (MAY) @ 158.60

Weekly Basis: - This counter from long time moving in range between 150 to 160. Right now it’s not give any chart breakout for confirm trend in future, so still we are expecting more range or sideways movement in future. This week watch level of 161.30, if it cross sustain and give closing above this level you can think for future up trend and below 155.90, it can take support and in case give closing below this level it will indicate for future downside. So watch our major resistance level of 161.30 & support of 155.90.

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