Sell Natural Gas Around 188 SL ABOVE 191 TGT 185/180 - Axis Securities
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NICKEL
Nickel prices edged higher in last trading session. Prices broke the immediate resistance zone of 1210 level and rallied higher up till 1240 level on intraday basis. Overall trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is also above 60 days EMA on hourly chart. Any dips in prcies around 1220 level can be used as an buying opportunity for the target of 1223.
BUY NICKEL AROUND 1220 SL BELOW 1217 TGT 1223/1227
NATURAL GAS
Natural gas prices drifted lower in last trading session after prices broke the storng support zone of 190 and drifted lower towards 183 level on intraday basis. Overall trend is negative for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level indicating low momentum in prices. Any rally towards 188 can be used as an selling opportunity for prices for the target of 185 on intraday basis.
SELL NATURAL GAS AROUND 188 SL ABOVE 191 TGT 185/180
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