Buy Aluminium Around 163 SL BELOW 162 TGT 164/165 - Axis Securities Ltd
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COPPER
Copper prices rallied higher in last trading session after prices broke the resistance zone of 601 and it touched 610 level on intraday basis. On hourly chart prices is trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momentum in prices. Moreover price is trading above upper bollinger band indicating high volatility in prices. Any correction down till 604 can be used as an buying opportunity for the target of 607 on intraday basis.
BUY COPPER AROUND 604 SL BELOW 601 TGT 607/609
ALUMINIUN
Aluminium prices edged higher in last trading session after prices broke the immediate resistance zone of 162.6 and touched 164 level on intraday basis. On hourly chart prices is trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momentum in prices. Traders can buy Aluminium around 163 level for the target of 164 level on intraday basis.
BUY ALUMINIUN AROUND 163 SL BELOW 162 TGT 164/165
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