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Sunday, April 17, 2016

NICKEL UPDATES FOR APRIL 17 2016

SUNDAY



WEEKLY UPDATE



Mcx Nickel prices was bounced from 570 levels to test strong resistance at 600 levels



and was not able to sustain at higher levels, finally closed at 596 levels,



any close above 600 levels will push the commodity to further higher levels up



to 630 levels, so it is advisable to buy the commodity only above 600 levels.




Weekly Call :



Buy Mcx Nickel only on close above 600



with SL below 579



for target 630.


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