NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-930 R1-915 S1-890 S2-880
Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend and the trend is supported with good volume 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 SELL signal For short term Nickel is in HOLD SHORT position and Nickel closed below 1 week low with volume signals down breakout.Positionally Immediate support for Nickel is 895.Resistance for the Nickel is 952-977-1003-1071-1097-1105-
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