Mcx nickel will move upside after correction and consolidation

Mcx nickel will move upside after correction and consolidation

Mcx nickel outlook for 17th November 2016

 

Mcx nickel future last closed at 770.

 

Mcx nickel after correction given long consolidation around 750 to 760 zone and now seeing base building.

 

Mcx nickel future support zones are 760 and 745 and fresh buy zones.

 

On upside 775 and 790 are resistances as well as short term target zones.

 

From long term view, mcx nickel will remain buy around 700 for target 860+.

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