mcx nickel weekly technical call for 4 to 8 jan 2016

mcx nickel weekly technical call for 4 to 8 jan 2016
mcx nickel future this week closed with gain at 585.
mcx nickel weekly chart price trend is down but
momentum is bullish on recovery phase.
 
 
For medium term, mcx nickel support zones are 580 and 548.
On upside expect strong resistance at 613 and 645 levels.
 
 
For next week , mcx nickel might continue its recovery phase
and test 613+ levels.
 
 
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Pramod Baviskar

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