nickel intraday

Sell nickel below 912
10 July 2008 11:31:29

Yesterday the LME nickel stock was -138 against the previous of -12 Nickel has touched a low of Rs 896.5 a kg after opening at Rs .902, and last traded at Rs 932.5.For today market is looking for the support at 907, a break below could see a test of 882 and where as resistance is now likely to be seen at 947, a move above could see prices testing 961.

Trading Ideas

• TRADING RANGE IS 882-961.
• BUY NICKEL @ 920-922 SL 912 TGT 926.50-932.50-938-945. MCX
• SELL NICKEL BELOW 912 SL 923 TGT 905-900-892-884. MCX

MCXARUN