Wednesday 15 October 2014

CAPITAL STROKE UPDATE 16 October 2014 : MCX NICKEL




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

Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is moving sideways The oscillator is on BUY Signal and Nickel is recovering from oversold level .In last 1 month volatality is very less Buy the Nickel above 1069 or buy with strict stop at 979. The oscillator is on BUY Signal and Nickel is recovering from oversold level For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 979.Resistance for the Nickel is 1020-1030-1062-1104-1121-1122-

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