SUNDAY
WEEKLY UPDATE
Nickel for the whole week was traded in the range between 690 – 715 levels,
over all trend for the commodity remains bullish but 715 remains very strong
resistance only a decisive breakout above 715 will give a move till then
we expect prices to trade in the above said range . low risk players are advised
to enter at support levels near 690 and high risk players are advised to enter above breakout levels.
Weekly Call :
Buy Mcx nickel only on a decisive breakout above 715
and add further on dips up to 710
with SL below 690
for targets 730 – 740.
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