Sell Nickel Around 1335 Sl Above 1338 TGT 1332/1328 - Axis Securities Ltd
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NICKEL
Nickel prices closed higher in last trading session after prices closed around 1325 level. Overall trend is sideways to negative for prices as long as prices is trading below 1350 level on daily closing basis. Immediate resistance zone is seen around 1335 level. Any rally towards the mentioned level can be used as an selling opportunity for the target of 1332 on intraday basis.
SELL NICKEL AROUND 1335 SL ABOVE 1338 TGT 1332/1328
COPPER
Copper prices edged higher in last session on account of weaker dollar index. However ovrerall trend remain negative for prices as long as it is trading below 751 level on daily closig basis. Prices is also trading below upper bollinger band indicating low momentum in prices. Tradres can sell Copper around 748 for the target of 745 on intraday basis.
SELL COPPER AROUND 748 SL ABOVE 751 TGT 745/742
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