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Monday, April 9, 2018

NICKEL UPDATES FOR APRIL 9 2018

MONDAY


MORNING UPDATE


Nickel closed last week with a negative note losing around 0.90 % .


All Base metals have opened marginally lower this morning .


Mcx Nickel currently trading at Rs 855

On fridays trade Nickel hit a low of Rs 846 


A close below this could be more weak for the commodity .


Currently trading positive above resistance 850


Immediate support seen between Rs 845 to 850 levels .


LEVELS ARE AS UNDER


SUPPORT 1 848


SUPPORT 2 841.50


SUPPORT 3 836


RESISTANCE 1  873


RESISTANCE 2 877.80


We will keep updating .



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