Friday 7 November 2014

CAPITAL STROKE UPDATE 7 November 2014 : MCX NICKEL




NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-980 R1-965 S1-935 S2-920

Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 942-940-.Resistance for the Nickel is 974-1043-1076-1094-

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