SUNDAY
WEEKLY UPDATE
Mcx Nickel prices dropped last week to test a low of 960 levels and recovered back
to 990 levels , trend for the commodity remains bearish and we expect prices to test
once again back to 950 levels, but sell on rises is the best bet ,
sell nickel between 998 – 1002 with stops above 1014 for 980 levels as targets.
Weekly Call :
1) Sell Nickel on rises between 998 – 1002
with stops above 1014
for target 980.
2) Sell Nickel only below 974
with stops above 992
for target 950.
