NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1060 R1-1045 S1-1020 S2-1005
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 Nickel is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing BUY signal For short term Nickel is in SELL position.Positionally Immediate support for Nickel is 1012.Resistance for the Nickel is 1068-1089-1116-1128-1135-1139-
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