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SILVER

Silver prices edged lower in last trading session after it failed to sustain near the immediate resistance zone of 69600 level and closed around 69000 level. On hourly chart strongt support zone can be seen around 68900 level as prices has bounce back fro the mentioned support zone couple of time. Traders can buy Silver around 68900 level for the target of 69200 level on intraday basis.

BUY SILVER AROUND 68900 SL BELOW 68600 TGT 69200/69500

NICKEL

Nickel prices closed on a flat note in last trading session. On hourly chart prices is trading above 20 and 60 days EMA and RSI is nearing 60 level indicating high momemtum in prices. However prices gave a breakout above 1405 and failed to close above 1410 level which indicate supply zone near the mentioned level. Traders can sell Nickel around 1410 for the target of 1405 on intraday basis.

SELL NICKEL AROUND 1410 SL ABOVE 1415 TGT 1405/1400

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