Nickel future daily chart analysis
Nickel future on Friday closed at 893 with gain. Nickel future given breakdown around 915 levels and we saw low of 878 rupee and nickel almost hit 875 rupee sell target, now below 915 will remain weak and sell on rise with stop loss for targets 875 and then possibly deep downside up to 820 rupees.
Nickel future weekly chart analysis
Mcx Nickel future this week closed with gains. This was first weekly gains for nickel prices after last week’s sell off. On weekly chart nickel major long term support is around 867 rupees and below it expect downtrend and lower targets of 640 and below. On upside 1000 rupee was target and we saw high of 969 rupees in previous weeks.
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