Report for Date: 26/09/2016
MCX Nickel September: Expect Higher Range To Be Tested
MCX Nickel (Price figures below are in Rs/INR per Kg)
Traders by chance long can maintain the stop loss at 683.
Expect higher range of 712-725 can be tested.
Weaker opening and correction first to 699-686 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
706.3
680.34
UP
678.7
19.09
686.5
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