Sell Nickel In The Range Of 1220-1221 SL ABOVE 1230 TGT 1207/1200 - Axis Securities
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NICKEL
MCX Nickel price is trading inside a descending triangle pattern, price is expected to trade negatively. Sustaining below 1220 next leg of the correction would drag down the price lower towards 1207/1200 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a negative sign for the prices.
SELL NICKEL IN THE RANGE OF 1220-1221 SL ABOVE 1230 TGT 1207/1200
NATURAL GAS
MAX atural gas price is trading under a rising trend line channel, price is expected to trade positively. any breakout above 206 next leg of the rally would push the price higher towords 212/214 in intraday. Price has been forming support near 60 hourly EMA which shows accumulation zone.
BY NATURAL GAS ABOVE 206 SL BELOW 202 TGT 212/214
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