Sell Nickel Around 1270 Sl Above 1273 TGT 1267/1262 - Axis Securities Ltd
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CRUDE OIL
Crude oil prices traded volatile in last session and closed on a positive note near 4830 level. Overall trend is sideways for prices as long as it is trading below 4900 level on daily closing basis. Immediate resistance can be seen around 4860 level as price has faced selling pressure near the mentioned level. Traders can sell Crude oil around 4860 for the targret of 4830 level on intraday basis.
SELL CRUDE OIL AROUND 4860 SL ABOVE 4890 TGT 4830/4800
NICKEL
Nickel price traded volatile in last trading session and closed on a positve note near 1265 level. Overall trend is sideways to negative for price as it is trading below 9 days EMA and RSI is alos below 60 level. Immediate resistance zone can be seen around 1270 level which can be used as an selling opportunity for the target of 1267 level on intraday basis.
SELL NICKEL AROUND 1270 SL ABOVE 1273 TGT 1267/1262
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