Buy Nickel Above 1346 Sl Below 1336 TGT 1360/1365 - Axis Securities Ltd
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NICKEL
MCX Nickel price has given a bullish breakout from consolidation range, price is expected to trade positively. Sustaining above 1346 would push the price higher towards 1360/1365 levels in intraday. The momentum indicator RSI is trading at 70 and it is forming higher highs which is bullish sign for the prices.
BUY NICKEL ABOVE 1346 SL BELOW 1336 TGT 1360/1365
NATURAL GAS
MCX Natural gas price is trading inside the rising trend line channel,Price is expected to trade positively. Sustaining above 238 would push the price higher towards 243/245 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY NATURAL GAS ABOVE 238 SL BELOW 234 TGT 243/ 245
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