mcx nickel weekly : watch 568 support for reversal or breakdown

mcx nickel weekly technical analysis for 21 to 25 march 2016

mcx nickel weekly technical analysis for 21 to 25 march 2016

Mcx nickel future this week closed with loss. This was second weekly loss for nickel prices. After last week 638+ rupee top prices slumped on strong profit booking as well as fresh shorts. On downside 568 is major support and below it fresh downtrend will start for this commodity. Reversal from 568 means long targets of 614 and then 649. So keep tight watch.

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