Yesterday the LME nickel stock was -24 against the previous of 222 Nickel has touched a low of Rs 736.6 a kg after opening at Rs .748, and last traded at Rs 753.6.For today market is looking for the support at 739.40, a break below could see a test of 725.30 and where as resistance is now likely to be seen at 764.80, a move above could see prices testing 776.10.
Trading Ideas
TRADING RANGE IS 725.00-776.00.
HOLD / SELL NICKEL AUG @ 760-765 SL 776 TGT 756-752-745-738-720. MCX
OVERLL NICKLE IS WEAK AND BERISH AND WE LOOK SUPPORT AT 700-680 LEVEL.
MCXARUN
9994500540
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