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MCX Crude oil has fallen from 7278 to 6562 level almost 10%. At current juncture price is trading at 6615 level trader can go long around 6550-6500 level for the target of 6900, 7200 level respectively.

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On a daily chart MCX Silver trading at 81150, we have seen profit booking which took silver from 87000 to 81150, almost 6.75%. At Current juncture Silver is trading in a rangebound, one can go long in Silver around 80500-80000 for the initial target of 87000, further 90000 levels.

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On a daily chart price has given a breakout of the downward sloping trend line at 1118. Momentum oscillators RSI has given a positive crossover. One can go for long with the stop loss of 1096 for the target of 1150. CMP 1125

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Gold on daily chart price is trading at 71160 level. Having a strong support at 70600, On the upside 71800 will be a resistance zone.

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Axis Bank on a weekly chart price has given a breakout of the downward sloping trend line at 1105 with increase in volumes. Momentum oscillator RSI has given a positive crossover. Price can rally towards 1220.

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On a weekly chart price has given a breakout of the cup and handle pattern at 618 level. At currency juncture price is trading at 648 level. Momentum oscillator RSI has given positive crossover. If price respect the level of 618 price can rally towards 780 level.