mcx nickel future outlook for 23 to 27 may 2016

mcx nickel future outlook for 23 to 27 may 2016 Mcx nickel future this week closed with loss at 572. This was third losing week for nickel prices.   Mcx nickel future this week achieved my tgt 574 and now heading towards next tgt 520.   For next week, mcx nickel future support zones are 555 and 540 while on upside 574 and then 583 are strong resistances.   On long term chart, nickel future below 705 remain weak and heading towards 425 and 260 levels.

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Pramod Baviskar

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