Buy Nickel Around 1400 SL Below 1397 TGT 1403/1408 - Axis Securities
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NICKEL
Nickel prices edged higher in last trding session and it closed aroud 1406 after it broke the strong resistance zone of 1400 level on hourly chart . Near term trend is positive for prices as it is trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momemtum in prices. Traders can buy Nickel on dips around 1400 level for the target of 1403 level on intraday basis.
BUY NICKEL AROUND 1400 SL BELOW 1397 TGT 1403/1408
SILVER
Silver prices edged higher in last trading session and it closed around the immediate resistance zone of 61000 level. Short term trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is also trading around 60 level. Breakout above 61100 level may push prices higher towards 61400 level on intraday basis.
BUY SILVER ABOVE 61100 SL BELOW 60800 TGT 61400/61700
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