Sell Silver Below 65500 SL ABOVE 66000 TGT 64800/64500 - Axis Securities Ltd
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SILVER
MCX Silver price is trading under a descending triangle pattern, price is expected to trade negatively. Any breakdown below 65500 would drag down the price lower towards 64800/64500 levels in intraday. The price has started trading below 100 simple moving averages in the hourly ; ae L est00 chart which shows bearishness in the . 64600 prices.
SELL SILVER BELOW 65500 SL ABOVE 66000 TGT 64800/64500
Nickel
MCX Nickel price has given negative breakout, price is expected to trade negatively. Sustaining below 1283 would drag down the price lower towards 1270/1265 levels in intraday. The momentum indicator RSI is trading at 31 it shows bearishness in the prices.
SELL NICKEL BELOW 1283 SL ABOVE 1288 TGT 1270/1265
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