Thursday, 07 November 2019
TIME 9:05 AM IST
MCX NICKEL REPORT
Nickel November has been trading 1166-1203 range. Nickel will move into a short term bearish phase if it trades below 1156 for a few days. I am against new investment in Nickel till a direction is there. I am talking about short term direction. In the long term nickel is very bullish on use in electric vehicle.
Nickel November 2019: (previous day close/CMP Rs.1175.00):
Small sell off below: 1163.10
Quick rise over: 1192.80
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