Buy Soyabean Around 8600 SL Below 8550 TGT 8650/8700 - Axis Securities
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Soyabean
Soyabean prices edged higher in last trading session after prices broke the downward sloping trendline and closed around 8770 level. Overall trend is looking postive for prices as it is trading above 9 and 20 days EMA and RSI is also above 70 level indicating high momemtum in prices. Traders can buy Soyabean on dips around 8600 for the target of 8650 on intraday basis.
BUY SOYABEAN AROUND 8600 SL BELOW 8550 TGT 8650/8700
NICKEL
Nickel prices traded volatile in last trading session and it closed on a flat note around 1440 level. On hourly chart prices is trading below upper bollinger band which indicate that prices will remain sideways and we volatility will be less. Moreover RSI on hourly chart is trading in a neutral zone between 40 and 60 level. Traders can sell Nickel on rise around 1445 for the target of 1440 on intraday basis
SELL NICKEL AROUND 1445 SL ABOVE 1450 TGT 1440/1435
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