Monday 13 October 2014

CAPITAL STROKE UPDATE 13 October 2014 : MCX NICKEL



NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1035 R1-1020 S1-995 S2-985

CMP-1007 Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is moving sideways The Nickel is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing BUY signal .In last 3 weeks Nickel is trading in low volatality Buy the Nickel above 1095 or buy with strict stop at 979. 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 HOLD SHORT position.Positionally Immediate support for Nickel is 979.Resistance for the Nickel is 1025-1037-1077-1109-1124-1125-

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