NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1005 R1-990 S1-955 S2-940
Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend with good momentum 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 BUY signal For short term Nickel is in SELL position.Positionally Support for the Nickel is 954-934-.Resistance for the Nickel is 991-1061-1089-1100-
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