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LEAD

Lead prices traded sideways in last trading session and it managed to close above 9 days EMA on hourly chart whih indicate possible reversal in Lead prices from current level. Morever, Lead has formed Harami candlestick pattern on daily chart near the downtrend indicating possible reversal of the current trend. Immediate resistance zone can be seen around 159.5 level. Traders can buy Lead above the mentioned level for the target of 160.5 level on intraday basis.

BUY LEAD ABOVE 159.5 SL BELOW 158.5 TGT 160.5/161.2

NICKEL

Nickel prices drifted lower in last trading session after prices failed to sustain higher near 1196 level and corrected down till 1175 level on intraday basis. Oveall trend is looking sideways to negative for prices as long as price is not able to break 1210 level on hourly closing basis. Any rally towards 1196 level can be used as an selling opportunity for the target of 1192 level on intraday basis.

SELL NICKEL AROUND 1196 SL ABOVE 1200 TGT 1192/1187

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