Mcx nickel future technical call update
Mcx nickel now trading at 635 but hit intraday high at 647 today. Mcx nickel future after strong correction up to support 573 given as buy and suggested breakout level was 590. Above 590, mcx nickel my positional targets were 622 and then 640. Mcx nickel achieved 622 few days back and today hit 640 target and given swing record high at 647.
Above 640, nickel prices will remain super bullish for this month and on upside my bullish targets as well as resistance zones will be 671 and then 689. Below 640, there are more chances of profit booking and correction up to 622.
From investment view, mcx nickel made bottom at 560 and now heading towards long term resistance as well as breakout level of 678 rupees. for sure shot commodity tips with support and follow up subscribe to our commodity calls services and you can earn average 1.1 lakhs rupee per month on capital of 2.5 lakhs rupees.