Sell Silver Around 64200 SL Above 64500 TGT 63900/63500 - Axis Securities
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SILVER
Silver price edged lower in last trading session after prices broke the support zone of 64200 and it drifted lower towards 63100 on intraday basis. Short term trend has turned negative for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level whcih indicate that momemtum in weak on the upside. Any rallies towards 64200 may be used as an selling opportunity for the target of 63900 on intraday basis.
SELL SILVER AROUND 64200 SL ABOVE 64500 TGT 63900/63500
Copper
Copper prices edged lower in last trading session and it closed around 741 level. Overall trend is looking negative for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level which indicate that momemtum is weak for prices. Traders may sell Copper below the strong support zone of 437 for the target of 434 on intraday basis.
SELL COPPER BELOW 437 SL ABOVE 440 TGT 434/431
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