NICKEL UPDATES FOR APRIL 26 2016

SUNDAY



WEEKLY UPDATE


Mcx Nickel last week jumped from 600 levels to 630 levels and dropped back to 600 levels



on weekend closing , trend remains positive and we expect buying to emerge back from



bottom levels to hit new highs, immediate resistance for the commodity is at 615 – 630,



supports at 592 and 684, buy at current levels and on dips is advisable.




Weekly Call :




Buy Mcx Nickel on dips between 592 – 596



with SL below 573



for targets 620 – 630.



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