MTECHTIPS MCX NICKEL INTRADAY trading analysis 31-05-2016

MTECHTIPS MCX NICKEL INTRADAY trading analysis 31-05-2016

DAILY :-Mcx nickel future above 552 remain buy on dips for targets 565 and 574.
WEEKLY :-Mcx nickel future this week closed with loss. This was forth losing week for nickel prices. For next week, mcx nickel below 565 remain bearish and sell. On downside 550 and 540 are support zones as well as target levels for next week. On upside 565 and 590 are strong resistances. Mcx nickel monthly chart showing support zones at 535 and 500 rupees.

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