Report for Date: 27/09/2016
MCX Nickel September: Expect Higher Range To Be Tested
MCX Nickel (Price figures below are in Rs/INR per Kg)
Traders long and holding the same can maintain the stop loss at 683.
Expect higher range of 719-752 to be tested.
Weaker opening and correction to 702-686 can be used for buying with a stop loss of 683.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Date
L1
L2
CP
L3
L4
Hold Long
703.10
683.37
UP
678.7
19.09
652.7
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