MTECHTIPS MCX NICKEL intraday trading analysis 13-04-2015
Mcx Nickel Future On Last Trading Session Closed At 791.8 With gain. On Chart, Nickel Has Month Pivot Point Level At 824 And Future Is Still Trading Below It. Below 825 On Closing Basis Nickel Future Will Remain Sell On Rise Or Has Bearish Outlook For Month Of March. On Downside 775 And Below It 735 Are Strong Support Zones As Well As Target Level If Downtrend Persist. Above Pivot Of 825, Nickel Has Resistances At 870 And Then 900. If Nickel Future Gives Breakout Above 825 With Price And Volume Then Expect Upside Levels As Targets For Month Of april 2015. Daily Chart Nickel Future Price And Indicators Patterns Are On Recovery Side But On Upside Strong Supply Zones Are There So Watch For Breakout Before Going Long.
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