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NICKEL

Nickel prices gave a gap up opening in last trading session and closed on a flat note in last session. On hourly chart prices is trading above 9 and 20 days EMA and RSI is around 55 level which indicate that overall trend is sideways to positive for prices. However prices is facing strong selling pressure near 1347 level from past few days. Traders can sell Nickel on rise around 1347 level for the target of 1344 level on intraday basis.

SELL NICKEL AROUND 1347 SL ABOVE 1350 TGT 1344/1338

SILVER

Silver prices closed on a flat note in last trading session after prices failed to sustain above 72000 level. Overall trend is looking positive for prices as on hourly chart is it trading above 9 and 60 days EMA and RSI is nearing 60 level. Traders can buy Silver around 71400 level for the target of 71700 level on intraday basis.

BUY SILVER AROUND 71400 SL BELOW 71100 TGT 71700/72100

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