Buy Nickel Above 1741 SL Below 1730 TGT 1755/1760 - Axis Securities
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Nickel
MCX Nickel price is trading near the resistance of the consolidation range, price is expected to trade positively. Any breakout above 1741 would push the price higher towards 1755/1760 levels intraday. The price has been trading above EMA which is a bullishness in the prices.
BUY NICKEL ABOVE 1741 SL BELOW 1730 TGT 1755/1760
Zinc
MCX Zinc price has given breakout from symmetrical triangle pattern, price is expected negatively. Sustaining below 296 would drag the price lower towards 293.50/292 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearishness in the prices.
SELL ZINC BELOW 296 SL ABOVE 298 TGT 293.50/292
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