nickel intraday

Friday the LME nickel stock was -84 against the previous of -96 Nickel has touched a low of Rs 786.4 a kg after opening at Rs .786.4, and last traded at Rs 794.7.For today market is looking for the support at 780.5, a break below could see a test of 771.7 and where as resistance is now likely to be seen at 800.9, a move above could see prices testing 812.5.

Trading Ideas

TRADING RANGE IS 770.00-815.00.
SELL NICKEL AUG @ 808-810 SL 813.60 TGT 802-796-792-786-782-776. MCX
MARKET IS TRADING IN THE RANGE 760-820.


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