Sell Nickel Below 1250 Sl Above 1258 TGT 1240/1235 - Axis Securities Ltd
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GOLD
MCX Gold price is trading inside the consolidation range, price r ins to trade higher. Any breakout above 48700 would push the price higher towards 49000/49100 levels intraday. The price has been trading above 100 SMA which is a positive sign for the Prices.
BUY GOLD ABOVE 47800 SL BELOW 48500 TGT 49000/49100
NICKEL
MCX Nickel price has formed strong resistance build up near 1260, price is expected to trade negatively. Any fall below 1250 would drag the price lower towards 1240/1235 levels in intraday. The price failed to trade above 60&100 hourly SMA which is a bearish sign for the prices.
SELL NICKEL BELOW 1250 SL ABOVE 1258 TGT 1240/1235
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