Sell Nickel Around 1347 Sl Above 1350 TGT 1344/1338 - Axis Securities Ltd
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NICKEL
Nickel prices gave a gap up opening in last trading session and closed on a flat note in last session. On hourly chart prices is trading below 9 and 20 days EMA and RSI is around 55 level which indicate that overall trend is negative to sideways for prices. Traders can sell Nickel on rise around 1347 level for the target of 1344 level on intraday basis.
SELL NICKEL AROUND 1347 SL ABOVE 1350 TGT 1344/1338
COPPER
Copper prices edged higher in last trading session and it closed near 52 week high of 770. Overall trend is looking positive for prices as it is trading above 9 and 20 days EMA on hourly chart and RSI is also above 60 level indicating high momentum in prices. Traders can buy Copper above 771 level for the target of 774.
BUY COPPER ABOVE 771 SL BELOW 768 TGT 774/778
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