NICKEL UPDATES FOR NOV 29 2015

SUNDAY




Mcx December nickel contract has jumped to 625 levels last week and then dropped back to



592 levels, over all trend for the commodity remains bearish and we expect prices to



correct further up to 560 – 550 levels with strong resistance above 615 levels,




only below 585 is advisable for target 550 with SL above 610.



Weekly Call :




Sell Mcx Nickel only below 585



and add further on rises up to 590



for targets 610 for target 550.



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