For MCX Nickel November Future the 1038-42 regions looks to be crucial for further upside. Inability to clear above the same likely to open chances of a dip lower towards 1017/1005, but unlikely to call for further selling pressure.
MCX Nickel shows that prices continue to trade in buy mode as they are above the short term moving averages. The MACD has also triggered buy with bullish crossover and is now above the zero line. We expect prices to see a strong rally on sustenance above 1032 for targets of 1060 levels.
Intraday Trading Call:
Buy in the range of 1038-1042 levels with a stop loss placed below 1027 levels for targets of 1060 levels.
MCX Nickel shows that prices continue to trade in buy mode as they are above the short term moving averages. The MACD has also triggered buy with bullish crossover and is now above the zero line. We expect prices to see a strong rally on sustenance above 1032 for targets of 1060 levels.
Intraday Trading Call:
Buy in the range of 1038-1042 levels with a stop loss placed below 1027 levels for targets of 1060 levels.
0 comments:
Post a Comment