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Published on 26/02/2020 5:10:57 PM | Source: Axis Securities Ltd

Buy Silver Around 47000-47050 SL Below 46800 TGT 47300/47500 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Silver

Silver prices rallied in today's session up till 47300 level but it failed to sustain near day's high and drifted lower towards 47000 levels which is also a strong support zone for prices. If prices manage to sustain above 47050 level then it may rally higher towards 47300 level on intraday basis.

BUY SILVER AROUND 47000-47050 SL BELOW 46800 TGT 47300/47500

 

Nickel

Nickel prices edged lower in today's session after prices broke the strong support of 915 and drifted lower towards 907 level on intraday basis. On hourly chart prices is trading below 9 and 20 days EMA which indicate low momentum in prices. Also momentum indicator RSI is trading below 60 levels whcih indicate bearishness in prices. Strong support in Nickel can be seen around 905 level. Breakdown below the mentioned level may drag prices lower towards 902/896 on intraday basis.

SELL NICKEL BELOW 905 SL ABOVE 908 TGT 902/896

 

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