nickel intraday

Yesterday the LME nickel stock was -234 against the previous of 978 Nickel has touched a low of Rs 786.4 a kg after opening at Rs .818.1, and last traded at Rs 788.9.For today market is looking for the support at 776.00, a break below could see a test of 763.00 and where as resistance is now likely to be seen at 812.00, a move above could see prices testing 836.00.

Trading Ideas

SELL NICKEL AUG @ 800-810 SL 823 TGT 780-765-740. MCX
REMEMBER AFTER EXPIRTY NICKLE TARGET IS 680 ON MCX
A GOOD RECOVERY CAN BE SEEN IN THE MARKET.

MCXARUN
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