nickel weekly technical analysis for 7 to 11 sep 2015

mcx nickel weekly tips for 7 to 11 sep 2015

mcx nickel sep future this week closed with loss at 663.4
total 24 rupee or almost 4% volatility seen this week
this was seventh losing week for this base metal
on weekly chart price down is up for nickel future
but momentum also weak that’s why prices
are not sustaining on higher levels
for next week mcx nickel future support zones are 620 and 570
on upside 670 and 720 are strong resistances
below 670, mcx nickel future remain bearish and
sell for short term trader but for investors 600 is best
investment level with 2-3 month view

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Pramod Baviskar

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