04-06-2021 04:40 PM | Source: Axis Securities Ltd
Buy Copper in the range of 684.80-684.30 SL BELOW 681 TGT 689/692 - Axis Securities
News By Tags | #5481 #473

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COPPER

MCX Copper price has seen forming support near 38.2% retracement, price is expected to trade positively. Sustaining above 684.90 would push the price higher towards 689/692 levels in intraday. The momentum indicator RSI is trading at 60 it shows bullishness in the prices. 

BUY COPPER IN THE RANGE OF 684.80-684.30 SL BELOW 681 TGT 689/692

 

NICKEL

MCX Nickel price has given a bullish breakout, price is expected to tradepositively. Sustaining above 1234 would push the price higher towards 1247/1252 levels in intraday. The price has started trading above 9,21760 hourly EMA which is a bullish sign for the prices. 

BUY NICKEL ABOVE 1234 SL BELOW 1225 TGT 1247/1252

 

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