Yesterday the LME nickel stock was -96 against the previous of 498 Nickel has touched a low of Rs 790 a kg after opening at Rs .804.9, and last traded at Rs 796.7.For today market is looking for the support at 785.70, a break below could see a test of 774.70 and where as resistance is now likely to be seen at 811.90, a move above could see prices testing 827.10.
Trading Ideas
TRADING RANGE IS 770-825.
SELL NICKEL AUG @ 805-808 SL 810.80 TGT 796-792-786-782-776. MCX
SELLING IS BEST ON ANY RISE OVER AND TARGET IS 680-700 IN AUG
MCXARUN
9994500540
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