Friday, July 4, 2008

nickel intraday

Yesterday the LME nickel stock was 198 against the previous of 168 Nickel has touched a low of Rs 905 a kg after opening at Rs .938, and last traded at Rs 913.For today market is looking for the support at 898, a break below could see a test of 883 and where as resistance is now likely to be seen at 935, a move above could see prices testing 956.
Trading Ideas
• TRADING RANGE IS 883-956.
• TRADING RANGE IS 883-956.
• AS TOLD YESTERDAY NICKEL BELOW 936 WILL TOUCH 908 SAME HAPPENED.
• FOR TODAY BUY NICKEL ABV 915 SL 908 TGT 921-926-932. MCX
• SELL NICKLE @ 945-950 LS 962.50 TGT 936-931.20-926.80-920. MCX

MCXARUN
9994500540

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