WEEKLY MCX
METALS AND ENERGIES TECHNICAL VIEW
Nickel
31st August 2018: (previous day close/CMP Rs.933.70):
Support:
880.90-896.60-905.50-919.90-924.90
Resistance:
952.20-966.30-986.40-998-1025.50
o
100 day moving average at 966.30 is the key weekly
resistance.
o
Support is at 915.10. Nickel can rise to 966.30 and
998 as long as it trade over 915.10.
o
Small sell off will be there below 915.10.
o
Crash will be there if (a) Nickel does not break
966.30 (b) Nickel falls below 905.50.
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