Buy Nickel Around 1195 SL BELOW 1192 TGT 1199/1202 - Axis Securities
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NICKEL
Nickel prices edged higher in last trading session. Prices broke the immediate resistance zone of 1190 level and rallied higher up till 1205 level on intraday basis. Overall trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is also above 60 days EMA on hourly chart. Any dips in prcies around 1195 level can be used as an buying opportunity for the target of 1199
BUY NICKEL AROUND 1195 SL BELOW 1192 TGT 1199/1202
ZINC
Zinc prices closed lower in last trading session around 218.3 level. Prices is facing strong resistance near 220 level from last few days. Moreover on hourly chart prices is trading below 9 and 20 days EMA on hourly chart and RSI is also around 40 level indicating low momentum in prices. Any rally towards 220 canb be used as an selling apportunity for the target of 219 level on intraday basis.
SELL ZINC AROUND 220 SL ABOVE 221 TGT 219/218
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