Mcx nickel topped out? Tgts 740-720

Mcx nickel intraday outlook for 15th November 2016

Mcx nickel intraday outlook for 15th November 2016

Mcx nickel future on last trading session closed at 770.7. On daily chart, nickel clearly made top around 800+ and now correction and came significantly lower from highs. On downside 740 and 720 are major supports as well as target zones for this corrective move.

On upside mcx nickel major resistances as well as fresh short entry zones will be 783 and 800 rupee. Keep tight stop loss for all positions and ready for high volatile trading environment for very long time.

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