Mcx nickel monthly report for December 2016
Mcx nickel future on last trading session closed at 764 with loss. Mcx nickel future price trend is bullish but momentum is losing out which might change trend eventually. Mcx nickel December outlook remain bearish below 760 rupee support. Above it remain bullish and buy and accumulate for targets 825 and above. On downside 695 and 630 are. price trend and momentum both are bullish and nickel is heading for 860 long term target but support is way down around 700 rupee and might test it in short terms.