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Monday, November 12, 2018

NICKEL UPDATES FOR NOV 12 2018

MONDAY




MORNING UPDATE



Base metals prices are under pressure after dollar is trading



at  a 16 month high .'



The dollar has been supported by expectations of another



rate hike by the FED  this month.


The persisting trade tensions between US and China also putting


pressure on the prices .


Nickel  prices are under pressure as the global supply



Nickel deficit is expected to narrow down by 1600 


yuan per tonne from last Friday .



Nickel faces greater downside risk from the decline



in demand from Chinese stainless steel mills .




Mcx Nickel currently trading at Rs 831.30



Levels are as under



SUPPORT 1 820



SUPPORT 2 809



SUPPORT 3 798



RESISTANCE 1 840


RESISTANCE 2 852


RESISTANCE 3 860



We will keep updating . 

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Tuesday, September 18, 2018

NICKEL UPDATES FOR SEPT 18 2018

TUESDAY 11.50 PM IST




TRADING CALL



Buy Mcx Nickel +between 890 to 892



Stop loss below Rs 882



Tgt 1 902


Tgt 2 910

Thursday, September 6, 2018

NICKEL UPDATES FOR SEPT 6 2018

THURSDAY 4.45 PM IST




MARKET UPDATE



Mcx Nickel Update



Mcx Nickel since yesterday has been unable to 


break support at Rs 890.



Currently trading above resistance Rs 900



Cmp Rs 901.60



Prices expected to test up to Rs 910 .