MCX NICKEL:

HAS SHOWN SHARP RALLY OF 5 RS AROUND 12.23 PM, BUT WAS UNABLE TO TO PERFORM IN CONTINUES MANNER,

CMP STANDS @ 1037, WE EXPECT IT MAY SHOW 1050 - 1060 LEVEL SOON IF IT CONTINUES TO TRADE ABOVE 1040.

BELOW 1033 IT WILL TURN IN NEGATIVE ZONE,

WHICH MAY DRAG DOWN NICKEL BELOW 1025 - 1016.