SUNDAY
WEEKLY UPDATE
Mcx Nickel prices last week bounced from 1000 levels to test a high of 1065 levels
which is very strong resistance level, if we view the above chart 1065 levels is
the neckline resistance for inverted head and shoulder pattern, decisive break
above the said level may give a jump up to 1110 levels till then we expect some
sort of correction may take place.
Weekly Call :
Sell Nickel below 1036 and add one more at 1040
with stops above 1050
for targets 1019 and 1008.
Any time if prices gives move in positive direction and closes above 1065
then buy nickel above 1065
with stops below 1050 for targets 1095 and 1110.
( Inverted head and shoulder Pattern break out )
