nickel intraday

Yesterday the LME nickel stock was 264 against the previous of -84 Nickel has touched a low of Rs 772 a kg after opening at Rs .799, and last traded at Rs 776.2.For today market is looking for the support at 765.8, a break below could see a test of 755.4 and where as resistance is now likely to be seen at 792.8, a move above could see prices testing 809.4.

Trading Ideas

TRADING RANGE IS 755.00-809.00.
HOLD / SELL NICKEL AUG @ 790-795 SL 802 TGT 784-780-776-770-760. MCX
OVERALL NICKEL IS WEAK AND BEARISH AND WE LOOK SUPPORT AT 700-680 LEVEL

MCXARUN
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