Sell Nickel Around 1470 SL Above 1473 TGT 1467/1462 - Axis Securities
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NICKEL
Nickel prices edged higher in today's session after prices broke the resistance zone of 1460 and touched 1470 level on intraday basis. However it failed to sustain around 1470 level and drifted lower towards 1465 level as 60 days EMA lies around 1470 level. Any rally towards the mentioned level can be used as an selling opportunity for the target of 1467 on intraday basis.
SELL NICKEL AROUND 1470 SL ABOVE 1473 TGT 1467/1462
ZINC
Zinc prices gave a gap up opening in morning session and presently trading around 245.8 level. On hourly chart RSI is trading below 60 level which indicate low momemtum in prices. Traders can sell Zinc below the important support zone of 245 for the target of 244 on intraday basis.
SELL ZINC BELOW 245 SL ABOVE 246 TGT 244/243
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