NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-970 R1-955 S1-925 S2-915
Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .The Nickel is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 928.Resistance for the Nickel is 1001-1009-1040-1093-1114-1116-
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