mcx nickel weekly : heading towards my targets 568 and 535

mcx nickel weekly technical predictiosn for 28 march to 1 april 2016

mcx nickel weekly technical predictiosn for 28 march to 1 april 2016

Mcx nickel future this week closed with gain. After last 2 weeks correction, this week we saw low near 570 and my given target 568 almost achieved.   Though trend is still corrective for nickel prices and below 615 expect it to continue. On downside my targets are at 568 and then possibly 535. In very bearish environment, mcx nickel can show sub 500 rupee levels.   Closing below 567 means breakdown with fresh downcycle.

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Pramod Baviskar

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