Sell Silver Around 61900 SL ABOVE 62200 TGT 61600/61300 - Axis Securities
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SILVER
Silver prices closed in red in last session after prices broke the support zone of 62000 level and it drifted lower towards 61500 level. On hourly chart it closed below 20 and 60 days EMA and RSI is also below 60 level which indicate that momemtum is weak for prices. Traders may sell Silver on rise around 62000 for the target of 61700 on intraday basis
SELL SILVER AROUND 61900 SL ABOVE 62200 TGT 61600/61300
COPPER
Copper prices closd in red in last trading session. On hourly chart prices closed below 20 and 60 days EMA and RSI is also below 60 level which indicate that momemtum is weak for prices. Traders may sell Copper on rise around 750 for the target of 747 on intraday basis.
SELL COPPER AROUND 750 SL ABOVE 753 TGT 747/742
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