MONDAY 7,45 PM IST
MCX Nickel Tgt 1 Achieved at Rs 866
Sells at Rs 875 to 877
Book profits .
TRADING LEVELS FOR MORNING SESSION
SUPPORT 785.3 812.5 844.7
RES 899.6 927.9 957.1
WAIT FOR CONFIRMATION
Nickel prices last week jumped from 870 to 899 levels and was not able to gain
momentum and dropped back to 872 levels very storng and crucial supports at 862 levels ,
any breakdown below 862 levels will have a sharp correction up to 830 to 825 levels .
over all trend for the commodity remains sideways to bearish.
Weekly Call :
Sell Mcx Nickel only below 862
and add further on rises up to 866
with stops above 880
for targets 835 and 826 levels.