Monday, July 11, 2011

MCX Nickel Updates

The consolidation phase of nickel is still intact but a negative bias is favoring down to the level of 1043. On the downside 1033-1028 will act as crucial levels. Below the same Nickel may face some major sell off. Resistance zone for Nickel is seen near 1062-1068. Above 1068 Nickel is looking healthy for fresh buying.
Traders are advised to buy Nickel July Contract only above 1062.


Posted By Commodity MCX Tips