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Published on 5/06/2020 4:53:20 PM | Source: Axis Securities Ltd

Buy Nickel Above 968 SL BELOW 961 TGT 980/985 - Axis Securities

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

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Gold 

IMCX Goldprice is inching negative jahead of important data from the US landtrading underthefalling trend line channel,price is expected to trade| negatively. Sustaining below 46400 inext leg of correction woulddragthe price towards 46100/46000 levels intraday. Price has started trading [below 9,21860 EMAwhich is a negative sign for prices.

SELL GOLD IN THE RANGE OF 46400-46420 SL ABOVE 46550 TGT 46100/46000

 

Nickel 

MCX Nickel price is trading under the| second waveofrising trend line channel, price is expectedto trade att tt positively. Any breakout above 968 Inext leg of the rally would push price Ihigh towards 980/985 levels in intraday. The hourly chart price has /been forming support near 60EMA which suggests any fall should be accumulatedforbuying.

BUY NICKEL ABOVE 968 SL BELOW 961 TGT 980/985

 

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