Free mcx Nickel monthly tips for nov 2016
nickel future on last trading session closed at 697 with loss. Mcx nickel future achieved my given target of 690 from low near 660 rupees. For month of November 2016, mcx nickel pivot point level is 691 and immediate strong support zone. For mcx nickel, below 691, trend become bearish and strategy will be sell on rise. Below 691, mcx nickel supports as well as target zones are 673 and then 645. As nickel still trading above 691, mcx nickel future month outlook remain bullish and targets as well as upside major resistances will be 718 and 737. Mcx nickel weekly chart price trend and momentum both are on recovery side. Mcx nickel is hovering around yearly pivot of 701 rupee and above it long term trend become bullish and buy for targets 860 and above.