Sell Nickel Around 1334 SL ABOVE 1337 TGT 1331/1326 - Axis Securities Ltd
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NICKEL
Nickle prices gave a gap up opening in last trading session but if failed to sustain higher near 1340 level and drifted lower towards 1222 level. It recovered in the 2nd half and closed around 1334 level. Overall trend is looking sideways to positive for prices as it is trading below 60 level on RSI. Moreoever prices failed to sustain near 52week high level and it is facing strong selling pressure around 1340 level. Traders can sell Nickel around 1334 for the target of 1331 level on intraday basis.
SELL NICKEL AROUND 1334 SL ABOVE 1337 TGT 1331/1326
NATURAL GAS
Natural gas prices gave a gap up opening in last session and it managed to closed near day's high after it closed above 60 days EMA after almost 2 week which is a positive sign for prices. Presently prices is trading above 186 level and RSI is also above 60 level indicating high momentum in prices. Traders can buy Natural gas around 185 for the target of 188 on intraday basis .
BUY NATURAL GAS AROUND 185 SL BELOW 182 TGT 188/190
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