Sell Nickel Below 1456 SL Above 1465 TGT 1440/1435 - Axis Securities
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Nickel
MCX Nickel price is trading inside the descending triangle pattern, price is expected to trade negatively. Any break down below 1456 would drag the price lower towards 1440/1435 levels in intraday. The momentum indicator RSI is trading at 52 and it is forming lower lows which is bearishness in the prices.
SELL NICKEL BELOW 1456 SL ABOVE 1465 TGT 1440/1435
Natural Gas
MCX Natural gas price has formed strong resistance near 350 level, price is ed to trade negatively. Any break down below 338 would drag the price lower towards 333/330 levels in intraday. The price has started trading below 20 EMA and the momentum indicator RSI is trading at 45 itis forming lower lows which is a negative sign for the prices.
SELL NATURAL GAS BELOW 338 SL ABOVE 342 TGT 333/330
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