Buy Copper In The Range Of 760.40-759.90 SL BELOW 755 TGT 767/77 - Axis Securities Ltd
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COPPER
MCX Copper price has seen good pullback after strong sell off in recent sessions, price is expected to trade positively. Sustaining above 760 mext positively. Sustaining above 760 mext leg of the rally would push the price higher towards 767/770 levels in es - 78 intraday. Price has formed suppo intraday. Price has formed support near 100 hourly EMA which shows ny small correction should be used for buying.
BUY COPPER IN THE RNAGE OF 760.40-759.90 SL BELOW 755 TGT 767/770
NICKEL
MCX Nickel price is trading near strong resistance, price is expected to trade positively. Any breakout above 1316.50 next leg of the rally would push the price higher towards 1330/1335 levels in intraday. The momentum indicator RSI is trading at 61 it shows bullishness in the prices.
BUY NICKEL ABOVE 1316.50 SL BELOW 1306 TGT 1330/1335
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