Sell Nickel Below 1390 SL Above 1400 TGT 1375/1370 - Axis Securities
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Nickel
MCX Nickel price has given negative breakout from rising trend line channel, price is expected to trade negatively. Sustaining below 1390 would drag down the price lower towards 1375/1370 levels intraday. The price has started trading below 9,21760 hourly EMA which is bearish sign for the prices.
SELL NICKEL BELOW 1390 SL ABOVE 1400 TGT 1375/1370
Copper
MCX Copper price has given negative breakout from symmetrical triangle pattern, price is expected to trade negatively. Sustaining below 714.50 would drag down the price lower towards 709/707 levels in intraday. The momentum indicator RSI is trading at 37 it shows bearishness in the prices..
SELL COPPER BELOW 714.50 SL ABOVE 718.50 TGT 709/707
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