Sell Nickel Around 1315 Sl Above 1320 TGT 1310/1305 - Axis Securities Ltd
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ZINC
Zinc prices edged higher in last trading session after it managed to respect the strong support zone of 229 and edged higher towards 232 level. Overall trend is looking positive for prices as it is trading above 9 and 20 days EMA and RSI is also nearing 60 level indicating high momemtum in prices. Traders can buy Zinc on dips around 230.5 for the target of 231.5 on intraday basis.
BUY ZINC AROUND 230.5 SL BELOW 229.5 TGT 231.5/232.5
NICKEL
Nickel prices edged higher in last trading session after prices managed to bonce back after respecting the strong support zone of 1275 and closed around 1302 level. Overall trend is sideways for prices as long as it is trading below 1320 level. Traders can sell Nickel around 1315 level for the target of 1310 on intraday basis.
SELL NICKEL AROUND 1315 SL ABOVE 1320 TGT 1310/1305
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