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Sunday, October 23, 2016

NICKEL UPDATES FOR OCT 23 2016

SUNDAY


WEEKLY UPDATE


Mcx Nickel was not able to give a breakout above 690


 for more than two weeks and dropped to 666 levels,


 trend for the commodity remains bearish and we expect 


prices to test 645 levels with strong resistance above 680 levels 


, immediate supports for the commodity is at 650 – 645


 resistance for the commodity is at 674 – 680 levels.



Weekly Call :



Sell Mcx Nickel between 666 – 670


 with SL above 680 


for targets 650 – 645. 


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