SUNDAY
WEEKLY UPDATE
Mcx Nickel prices last week was opened at 880 levels and dropped to 810 levels supports for
the commodity is at 795 levels and resistance at 830 levels, trend for the commodity remains
extremely bearish and we expect prices to correct up to its support levels. Sell at current
levels and on rises up to 810 – 815 levels with stops above 830 levels for target 795 any
break below 795 prices is expected to test up to 780 levels.
Weekly Call :
Sell Nickel or Nickel mini between 810 -815
with stops above 830
for target 795
and close below 795
add further shorts with stops at cost for target 780.
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