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Monday, August 17, 2009

nickle -18-08-09

 Nickel has touched a low of Rs 939 a kg after opening at Rs .992, and last traded at Rs 942.9.

For today market is looking for the support at 915.60, a break below could see a test of 888.30 and where as resistance is now likely to be seen at 993.50, a move above could see prices testing 1044.10.

Trading Ideas:
NICKEL TRADING RANGE IS 900-990.
NICKEL BRAECHED THE 4% LOWER CIRCUIT ON FRIDAY DUE TO PROFIT BOOKING AT WEEKEND.
SELL NICKEL AUG BELOW 938.40 SL 943.60 TGT 935.20-930.80-926.40. MCX
NOW RES IS AT 948.40 ABV THIS AGAIN A JUMP TOWARDS 960-968 LVL CAN BE SEEN
IMP SUPPORT IS AT 938.20 BELOW THIS NEXT SUP IS AT 932-924 LVL.
Posted by appleadvisory at 8/17/2009 11:39:00 PM

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