Buy Nickel Above 1475 SL Below 1470 TGT 1480/1485 - Axis Securities Ltd
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NICKEL
Nickel prices traded volatile in last session on account of export ban news. Prices closed around 1472 level. On hourly chart prices is trading near the important support zone of 1460 level and RSI is trading near 40 level mark on hourly chart. We expect prices to trade volatile for some days. Traders can buy Nickel above 1475 for the target of 1480 on intraday basis.
BUY NICKEL ABOVE 1475 SL BELOW 1470 TGT 1480/1485
ZINC
Zinc prices traded volatile in last trading session. On daily chart prices has formed shooting star candle stick pattern which is a reversal pattern. On hourly chart prices is trading below 9 and 20 days EMA which is a negative sign for prices. Traders can sell Zinc on rise around 258 for the target of 257 on intraday basis.
SELL ZINC AROUND 258 SL ABOVE 259 TGT 257/256
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