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Sunday, October 16, 2016

NICKEL UPDATES FOR OCT 16 2016

SUNDAY


WEEKLY UPDATE


Mcx Nickel was trading in the range bound for whole week 


and prices was closed well above 690 levels, immediate


 resistance for the commodity is at 700 -710 , a clear breakout


 above 710 will pull up the prices to 730 – 740 levels, 


supports for the commodity is at 690 levels,


 buy above  710 is suggested.



Weekly Call :



Buy Mcx Nickel only above 710 


and add further on dips up to 705


 with SL below 690


 for targets 730 – 740.

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