SUNDAY
WEEKLY UPDATE
Mcx nickel prices dropped from 1050 levels to 1010 levels and on week end closing
prices recovered erasing all its losses and closed at 1038 levels, if we watch the
chart one can witness inverted head and shoulder pattern formation is likely to be
confirmed if prices gives a breakout (neckline resistance ) above 1065 levels
till then choppy trades is expected.
Weekly Call :
Buy Nickel Only above 1050
with stops below 1035
for target 1065.
Positional Call Buy nickel on close above 1065
levels with stops below 1047 levels
for targets 1085, 1100 and 1107.
