Thursday, June 30, 2011

MCX Nickel Updates

A consistent trade above 1050-50 with Good volume will be required for Nickel to sustain its positive trend towards 1065-75 and even more later. If Nickel fails to trade successfully above the same level below 1045 it drop down to 1027-1018 and even 1010 later.

One can initiate Long positions in Nickel above 1055 for the targets of 1068-1075.
Below 1040 sell Copper targeting 1028-1020


Posted By Commodity MCX Tips