Buy Nickel Above 1353 Sl Below 1343 TGT 1365/1370 - Axis Securities Ltd
COPPER
MCX Copper price is trading inside the Broadening wedge patterny Price remains to trade higher. Sustaining above 746 would push the price higher towards 751/756 levels in intraday. Price has been trading above 100 simple moving averages which is a positive sign.
BUY COPPER IN THE RANGE OF 746-745.50 SL BELOW 741 TGT 751/756
NICKEL
CX Nickel price is trading near the resistance line of ascending triangle pattern, price is expected to trade positively. Any breakout above 1353 would push the price higher towards momentum indicator RSI is trading at 61 and it shows bullishness Prices.
BUY NICKEL ABOVE 1353 SL BELOW 1343 TGT 1365/1370
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