SUNDAY
WEEKLY UPDATE
Mcx Nickel looks very bearish , last week prices was trading at 950 levels but last three trading
sessions nickel witnessed a heavy sellof and dropped to 910 levels which is strong support levels
we expect prices to move further towards southward direction and may give a possible breakdown
below 899 levels next support levels.
Weekly Call :
Sell nickel between 910 to 916
with stops above 932 for targets 900 and 890//
add further shorts on close below 890
with stops at cost for extended targets 880 and 870.
low risk traders can prefer mini lots.
