mcx nickel weekly outlook for 19 to 23 oct 2015

nickel future this week closed at 648 with loss.
nickel 5 weeks trend channel is up
and 20 weeks trend channel is down.
weekly chart RSI is at 41 with buy signal.
mcx nickel weekly support zones are 647 and 633.
mcx nickel weekly resistance zones are 685 and 695.
mcx nickel weekly trading call will be
sell mcx nickel future near 695+ on bounce back
with strict stop loss for targets 647 and below.

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Pramod Baviskar

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