Sell Coppper Below 734 Sl Above 738 TGT 728/726 - Axis Securities Ltd
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COPPER
MCX Copper price has been trading under pressure since rising trend line channel breakout, price is expected to trade negatively. Sustaining below 734 would drag the price lower towards 728/726 levels in intraday. The price has been trading below 9,21&60 hourly EMA which is bearish sign for the prices.
SELL COPPER BELOW 734 SL ABOVE 738 TGT 728/726
NICKEL
MCX Nickel price has given a negative breakout, price is expected to trade negatively. Sustaining below 1291 would drag down the price lower towards 1278/1274 levels in intraday. The 100 hourly EMA has crossed over 60 hourly EMA which is negative sign for the prices.
SELL NICKEL BELOW 1291 SL ABOVE 1300 TGT 1278/1274
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