Mcx nickel achieved its swing targets 718-738 in single session

Mcx nickel intraday report for 8th November 2016 Mcx nickel intraday report for 8th November 2016 Mcx nickel future closed at 747.4 with strong gains. Mcx nickel with strong gap up opening rallied on way to high near 750. On upside 718 and 738 were swing target for nickel future for month of November which got achieved in single session. Above 738, mcx nickel will be super bullish but overbought so stay cautious for long positions. Above 738, nickel may rally up to 764 and then 784. If closes below 738 then expect sharp profit booking and lower level up to minimum 690.

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Pramod Baviskar

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