nickel intraday

Nickel market is looking for support at 936.5
02 July 2008 10:55:56

Yesterday the LME nickel stock was 156 against the previous of 54 Nickel has touched a low of Rs 943 a kg after opening at Rs .960, and last traded at Rs 949.

For today market is looking for the support at 936.5, a break below could see a test of 924 and where as resistance is now likely to be seen at 968, a move above could see prices testing 987.

• TRADING RANGE IS 924-987.
• SELL NICKEL @ 953-956 SL ABV 962.40 TGT 947-944.60-941.20-936. MCX
• ADD MORE BELOW 936 TGT 922-916-908. MCX
• IMP IS 936 BELOW THIS 922-916 IS SUP. MCX


MCXARUN
9994500540