Buy Nickel Above 1430 SL Below 1420 TGT 1445/1450 - Axis Securities
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Nickel
MCX Nickel price has formed several supports near 1420 and failing to break, price is expected to trade positively, Any breakout above 1430 would push the price higher towards 1445/1450 levels intraday. The hourly momentum indicator RSI is trading at 41 itis forming higher highs which is a positive sign for the prices.
BUY NICKEL ABOVE 1430 SL BELOW 1420 TGT 1445/1450
Aluminium
MCX Aluminium price is trading near the strong resistance line, price is expected to trade positively. Any breakout above 235.50 would push the price higher towards 238/238.50 levels in intraday. The price has been trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY ALUMINIUM ABOVE 235.50 SL BELOW 234 TGT 238/238.50
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