Thursday 30 October 2014

CAPITAL STROKE UPDATE 30 October 2014 : MCX NICKEL







NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-990 R1-975 S1-945 S2-930

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 Naturalgas is now trading in oversold level. The oscillator is showing BUY signal For short term Nickel is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Nickel is 934-.Resistance for the Nickel is 965-995-1064-1092-1102-

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