Sell Nickel Around 1366 Sl Above 1370 TGT 1362/1357 - Axis Securities Ltd
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NICKEL
Nickel prices is trading volatile in last trading sesssion after prices failed to sustian near the high of 1366 and drifted lower towards 1356 level. On hourly chart prices is trading below upper bollinger band and RSI is in a neutral zone around 47 level indicating that momemtum is weak for prices. Any rally towards 1366 can be used as an selling opportunity for the target of 1362 on intraday basis.
SELL NICKEL AROUND 1366 SL ABOVE 1370 TGT 1362/1357
LEAD
Lead prices edged lower in last trading session after prices broke the support zone of 179 and closed around 177.6 level. However on hourly chart prices is trading above 60 days EMA which indicate that primary trend is positive for prices. Traders can buy Lead around 176 for the target of 177 on intraday basis.
BUY LEAD AROUND 176 SL BELOW 175 TGT 177/178
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