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Published on 26/07/2021 5:24:49 PM | Source: Axis Securities Ltd

Sell Nickel Below 1460 SL Above 1463 TGT 1457/1452 - Axis Securities

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

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NICKEL

Nickel prices gave a gap up opening in today's session and it is trading sideways in a tight range between 1467/1460 level since morning. Immediate suport zone is seen around 1460 level as 9 days EMA lies around the mentioned area. Breakdown below the support zone may push prices lower towards.

SELL NICKEL BELOW 1460 SL ABOVE 1463 TGT 1457/1452

 

GOLD

Gold prices gave a gap up opening in today's session . However prices is facing resistance around 47750 level. Morever on hourly chart RSI is trading below 60 level indicating low momemtum in prices. Traders can sell Gold around 47750 level for the target of 47650 level on intraday basis.

SELL GOLD AROUND 47750 SL ABOVE 47850 TGT 47650/47550

 

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