Buy Silver Around 70400 SL BELOW 70000 TGT 70800/71100 - Axis Securities Ltd
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SILVER
Silver prices rallied higher in last trading session after prices broke the strong resistance zone of 70000 and touched 71100 level on intraday basis. Short term trend is looking postive for prices as it it trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momentum in prices. Traders can buy Silver on dips around 70400 for the trarget of 70800 on intraday basis.
BUY SILVER AROUND 70400 SL BELOW 70000 TGT 70800/71100
COCUDAKL
Cocudakl edged lower in last trading session after prices broke the strong support zone of 2500 and touched 2420 level on intraday basis. Overall trend is looking negative for prices as it is trading below 9 and 20 days EMA nnd RSI is below 60 level indicating low momemtum in prices. Sell on rise is recommended in Cocudakl for the target of 2430 level on intraday basis
SELL COCUDAKL AROUND 2470 SL ABOVE 2510 TGT 2430/2380
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