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Monday, November 14, 2016

NICKEL UPDATES FOR NOV 14 2016

MONDAY 3.45 PM IST



WEEKLY UPDATE



Mcx Nickel was given a jump last week above 730 level and moved


 up to 800 levels finally closed at 758 levels, overall trend for


 the commodity remains very bullish and buy on dips is advisable


 however in USA markets prices are trading with positive note


 wait for entries is advisable, 


immediate supports for the commodity is at 750 – 737 – 730 


, resistance for the commodity is at 785 – 800 – 835 – 850 - 872 -900 – 930 


. We expect prices to give a move positionally up to 930 levels in the days to come.


Weekly Call :


Buy Mcx Nickel between 750 – 760 


with SL below 730


 for target 785 -800, 


positional buyers can hold the position for targets 850 -  930.
            

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