Buy Nickel Above 1250 SL BELOW 1243 TGT 1260/1265 - Axis Securities Ltd
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GOLD
MCX Gold price has seen strong pull back after forming several supports near 47370, price is expected to trade positively. Sustaining above 47540 next leg of the rally would push the price higher towards 47800/48000 levels in intraday. Price has been trading above 100 hourly s a bullish sign for the prices.
BUY GOLD JUN IN THE RANGE OF 47540-47500 SL BELOW 47350 TGT 47800/48000
NICKEL
MCX Nickel price has given a bullish breakout, price is expected to trade positively. Sustaining above 1250 next leg of the rally would push the price higher towards 1260/1265 levels in intraday. The momentum indicator RSI is trading at 70 and it shows bullishness in the prices.
BUY NICKEL ABOVE 1250 SL BELOW 1243 TGT 1260/1265
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