[ad_1]
Purchase crude oil futures for goal of Rs 7,150: Motilal Oswal’s Amit Sajeja
Amit Sajeja, VP-Technical Analyst-Commodities and Currencies at Motilal Oswal Monetary Providers, suggests going lengthy on the September expiry MCX crude oil futures at Rs 6,700 for a goal of Rs 7,150 with a cease loss at Rs 6,500.
“MCX crude oil futures have shaped a reverse head and shoulders sample on the 240-minute chart, suggesting doable brief overlaying,” he tells CNBCTV18.com.
Sajeja sees potential to check resistance close to Rs 7,150 with help round Rs 6,500 and recommends shopping for on dips.
[ad_2]
Source link