nickel intraday

LME Nickle trading range is 884-925
09 July 2008 12:05:10

Yesterday the LME nickel stock was -12 against the previous of -48 Nickel has touched a low of Rs 896 a kg after opening at Rs .912, and last traded at Rs 901.For today market is looking for the support at 892.5, a break below could see a test of 884 and where as resistance is now likely to be seen at 913, a move above could see prices testing 925.

Trading Ideas

• TRADING RANGE IS 884-925.
• SELL NICKLE @ 912-916 SL 923.60 TGT 905-900-892-884. MCX
• SELL NICKEL BELOW 900 SL 912.50 TGT 892-885-880-873.50. MCX

MCXARUN