MCX NICKEL weekly analysis for 7 to 11 january 2019
nickel future on last trading session closed at 773 with gain.
nickel as expected reocvered towards 762 rupee levels from oversod zone.
mcx nickel now tading above 762 with bullish breakout and will head towards my bullish swing targets of 788 and then possibly 830 rupees.
above 762 keep buy on dips view with strict stop loss for targets 788 and then 830 rupees.
if slips beow 762 then downtrend will continue and lower levels up to 720 can be expected !!
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