Trend updated for-May/16/2016.CMP-581 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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Immediate support for Nickel is 573.Resistance for the Nickel is 585-588-593-603-607-
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Sunday, 15 May 2016
CAPITAL STROKE UPDATE 16-May-2016 MCX Nickel
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