IGI Logo

NICKEL

Nickel price edged higher in last trading session after it broke the resistance zone of 1415 and rallied up till 1435 level on intraday basis. Overall trend has turned positive for prices as it is trading above 9 and 20 days EMA and RSI is also above 60 level whcih is a positive sign for prices. Traders can buy Nickel around 1425 on dips for the target of 1430 on intraday basis.

BUY NICKEL AROUND 1425 SL BELOW 1420 TGT 1430/1435

NATURAL GAS

Natural gas prices traded volatile in last session and it closed in red around 424 level. Overall trend is looking sideways to negative for prices as long as it is trading below 445 level. Immediate resistance zone is seen around 435 level which can be used as an selling opportunity for the target of 432 on intraday basis.

SELL NATURAL GAS AROUND 435 SL ABOVE 438 TGT 432/428

To Read Complete Report & Disclaimer Click Here

https://secure.icicidirect.com/Content/StaticData/Disclaimer.html

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer