Buy Nickel Around 1360 Sl Below 1357 TGT 1363/1367 - Axis Securities Ltd
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CRUDE OIL
Crude oil prices closed on a flat note in last trading session after prices failed to close near the day's high. On hourly chart pirces has formed dark cloud cover followed by a red candle which indicate that prices may correct going further. Any rally towards 5450 can be used as an selling opportunity for the target of 5420 level on intraday basis.
SELL CRUDE OIL AROUND 5450 SL ABOVE 5480 TGT 5420/5390
NICKEL
Nickel prices had given a breakout on daily chart above 1360 level and closed around 1374 level which indicate that the trend has turned bullish for prices. On daily chart price is also trading above 20 and 60 days EMA and RSI is also around 60 level indicating high momemtum in prices. Traders can buy Nickel around 1360 level for the target of 1363 on intraday basis.
BUY NICKEL AROUND 1360 SL BELOW 1357 TGT 1363/1367
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