Sell Nickel Around 1235 Sl Above 1238 TGT 1232/1228 - Axis Securities Ltd
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NICKEL
Nickel prices edged lower in last trading session after price broke the strong support zone of 1240 and dirfted lower towards 12225 level. Overall trend is looking negative for prices as it is trading below 20 and 60 days EMA on daily chart and RSI is also below 40 level indicating low momentum in prices. Traders can sell Nickel around 1235 for the target of 1232 on intraday basis.
SELL NICKEL AROUND 1235 SL ABOVE 1238 TGT 1232/1228
ALUMINIUM
Aluminium prices edged lower in last trading session after prices broke the strong support zone of 190 and drifted lower towards 186 level on intraday basis. Overall trend is negative as prices is trading below 20 and 9 days EMA. However, strong support zone is seen around 183 level which can be used as an good buying opportunity for prices Traders can buy Aluminium around 183 for the target of 184 on intraday basis.
BUY ALUMINIUM AROUND 183 SL BELOW 182 TGT 184/185
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