Sell Nickel Below 1310 Sl Above 1320 TGT 1295/1290 - Axis Securities Ltd
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NICKEL
MCX Nickel price has given negative breakout from ascending broadening wedge pattern, price is expected to trade negatively. Sustaining below 1310 would drag down the price lower towards 1295/1290 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL NICKEL BELOW 1310 SL ABOVE 1320 TGT 1295/1290
NATURAL GAS
MCX Natural a gas price ice is is tradinig inside the rising trend line channel, Price is expected to trade positively. Any breakout above 247 would push the price higher towards 252/255 levels in intraday. The momentumbullishness in the prices. indicator RSI is trading at 69 it shows
BUY NATURAL GAS ABOVE 245 SL BELOW 242 TGT 252/255
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