Wednesday, May 25, 2011


Mcx:

NICKEL is unable to hold 1040 level, earlier it used to be in range of 1100-1125, from some days it is showing weakness, but it succeed from 1005 level to 1045 level, still unable to show strength above the said level "1045"

It is facing pressure below 1040 mark, once can go short in NICKEL between 1035-1045 level, current price stands @1036,

We are expecting if NICKEL may show 980-1010 level in coming days.

Maintain stop loss of 1070.