mcx nickel weekly technical report for 27 june to 1 july 2016

mcx nickel weekly technical report for 27 june to 1 july 2016
Mcx nickel on this Friday closed at 608.1 with loss. On last session we saw gap down opening on brexit day and closed with intraday recovery. Look like base metals are topped out for short terms.
 
 
Mcx nickel future daily chart price trend is at breakdown while momentum already turned bearish on news. Below 611 expect downtrend for nickel prices. On downside 597 and 592 are support zones. On upside 611 and 625 are resistances.
 
 
Mcx nickel weekly chart, showing first negative closing for nickel prices after last 3 weeks continues gains. This signaling that nickel might test previous lows. Nickel weekly chart support zones are 598 and 583. On upside 625 and 646 are strong resistances. Watch 583 level for major breakdown for big downside in longer terms.
 
 
For mcx tips by sms with support and follows visit our subscription page.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2017. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.