MTECHTIPS MCX NATURALGAS INTRADAY trading tips 16-01-2017

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 16-01-2017
MTECHTIPS Mcx Natural Gas Future This Week Closed With Strong Gains. Mcx Natural Gas After Last Week’s Strong Sell Off This Low Of 213 In This Week And Seen Strong Buying From Those Levels And Almost Recovered Half Of Losses In This Week. From Long Term View, Ng Prices Are In Correction Phase And Testing Support Zones. On Downside 208 Is Major Support Level For 2017 On Weekly Closing Basis.
Above It Natural Gas Long Term Outlook Remain Bullish And Strategy Remain Invest On Major Dips For Targets 308 And 363. Below 208 On Weekly Closing Basis With Strong Price Action And On Volume Means Long Term Breakdown And Bearish Targets Of 160 To 120 Rupees.
For Next Week, Mcx Natural Gas Might Continue Its Recovery Rally For Target 246 Rupee. On Downside 229 Is Daily Closing Basis Support Zone.
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