Buy Silver Around 71700 Sl Below 71400 TGT 72000/72300 - Axis Securities Ltd
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NICKEL
Nickel prices traded volatile in last trading session and ended the day in red. On hourly chart prices is trading around 1323 and RSI is trading around the support level of 40. Prices is holding the level of 1320 level from last few days which indicate that the mentioned level is the good support zone for prices. Traders can buy Nickel around 1320 level for the target of 1324 level on intraday basis.
BUY NICKEL AROUND 1320 SL BELOW 1317 TGT 1324/1327
SILVER
Silver prices ended the day in red in last trading session after prices failed to sustain near the weekly high. Overall trend is sideways for prices as long as it sustain above 70000 on daily closing basis. We expect prices to trade in a range between 70000 and 74000 level for the coming few day. Immediate support zone can be seen around 71700 level. Any dips around that level can be used as an buying opportunity for the target of 72000 level.
BUY SILVER AROUND 71700 SL BELOW 71400 TGT 72000/72300
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