Sell Zinc Around 243.5 Sl Above 244.5 TGT 242.5/241.5 - Axis Securities Ltd
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ZINC
Zinc priced closed on a positive note in last trading session after prices broke the strong resistance zone of 241 and toucned 243 level. Overall trend is sideways for prices as it is not able to sustain above 243.5 level and RSI is also in the neutral zone around 57 level. Traders can sell Zinc around 243.5 for the target of 242.5 on intraday basis.
SELL ZINC AROUND 243.5 SL ABOVE 244.5 TGT 242.5/241.5
NICKEL
Nickel prices closed on a positive note in last trading sessoin. On hourly chart prices is facing strong resistance around 1350 level from last few days which indicate that level as a supply zone. Also on hourly chart RSI is below 60 level indicating low momemtum in prices.Traders can sell Nickel around 1350 level for the target of 1347 level on intraday basis.
SELL NICKEL AROUND 1350 SL ABOVE 1353 TGT 1347/1344
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