nickel intraday

Nickel sell at 895-900
17 July 2008 11:41:00

Yesterday the LME nickel stock was -258 against the previous of -198 Nickel has touched a low of Rs 883 a kg after opening at Rs .902, and last traded at Rs 889.For today market is looking for the support at 879, a break below could see a test of 869 and where as resistance is now likely to be seen at 903, a move above could see prices testing 916.

Trading Ideas

TRADING RANGE IS 869.00-916.00.
SELL NICKEL @ 895-900 SL 906.50 TGT 888-882-876-860. MCX
ONLY ABV 912 LEVEL LOOK TO HAVE POSITIVE TREND ELSE WEAK
ONLY BELOW 920 LEVEL LOOK WEAK

MCXARUN
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