Buy Silver Above 61500 SL Below 61200 TGT 61800/62200 - Axis Securities Ltd
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Silver
Silver prices edged higher in last trading session after it broke the strong resistance zone of 61000 and touched 61400 level on intraday basis. On hourly chart prices is trading above 9 and 20 days EMA and RSI is also around 60 level which is a positive sign for prices. Traders can buy Silver above 61500 for the target of 61800 on intraday basis.
BUY SILVER ABOVE 61500 SL BELOW 61200 TGT 61800/62200
NICKEL
Nickel prices closed on a flat note in last trading session . On hourly chart prices is trading below upper bollinger band which indicate that volatility is low in prices. RSI on hourly chart is below 60 level indicating low momemtum in prices. Traders can sell Nickel on rise around 1470 for the target of 1467 on intraday basis
SELL NICKEL AROUND 1470 SL ABOVE 1473 TGT 1467/1462
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