Mcx nickel weekly-remain buy above 691

Mcx nickel weekly-remain buy above 691 Mcx nickel weekly technical analysis 7 to 11 November 2016 Mcx nickel future this week closed at 697 with gain. In last 2 weeks mcx nickel prices rallied from lows of 667 to highs near 710. Mcx nickel future above 691 remain bullish and buy on dips.   Mcx nickel weekly price trend and momentum both are strong bullish and expect slow and steady buying from here.   Base metal traders for week can follow buy on dips view above 690 for targets 718 and then 735. Above 735 expect super bullish rally for nickel future for targets 765 to 785.

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Pramod Baviskar

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