Wednesday 24 September 2014

CAPITAL STROKE UPDATE 25-September-2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1090 R1-1075 S1-1045 S2-1030

CMP-1060 Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Immediate support for Nickel is 1020.Resistance for the Nickel is 1091-1118-1128-1137-1142-

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