Buy Nickel Above 1401 SL Below 1398 TGT 1404/1408 - Axis Securities
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Nickel
Nickel prices gave a gap down opening in last trading session and prices closed around 1400 level. On hourly chart prices is trading around the important support zone of 1390 level. We expect some pull back in prices as long as the mentioned support level is intact. Traders can buy Nickel above 1401 level for the target of 1404 on intraday basis.
BUY NICKEL ABOVE 1401 SL BELOW 1398 TGT 1404/1408
Natural gas
Natural gas prices traded volatile in last trading session and closed around 285 level. On hourly chart strong resistance is seen around 287 level and overall trend is negative for prices as it is trading below 20 and 60 days EMA. Traders may sell Natural gas on rise around 287 for the target of 290 on intraday basis
SELL NATURAL GAS BELOW 287 SL ABOVE 290 TGT 283/280
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