Buy Gold Around 47800 SL Below 47700 TGT 47900/48000 - Axis Securities
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NICKEL
Nickel prices traded volatile in last trading session and it closed on a flat note near 1470 level. On hourly chart prices is trading below 60 days EMA which is a negative sign for prices. Strong resistance zone can be seen around 1480 level. Rallied around the mentioned level can be used as an selling opportunity for the target of 1475 on intraday basis.
SELL NICKEL AROUND 1480 SL ABOVE 1485 TGT 1475/1470
GOLD
Gold prices edged slightly lower in last trading session. On hourly chart strong support zone is seen around 47800 level which is a make or break level for prices. Traders can buy Gold on dips around 47800 for the target of 47900 on intraday basis.
BUY GOLD AROUND 47800 SL BELOW 47700 TGT 47900/48000
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