Mtechtips NICKEL MCX SELL AT 920-930 STOPLOSS 950 TGT 885 TGT 860

Mtechtips NICKEL MCX  intraday trading analysis 15-10-2012

Mcx nickel oct from short term view, technical bounce back is due as cci is heavily oversold. so on bounce back go short for target of 880-872 with stoploss above 932. from medium to long term view,880-850 are first target zone while on upside 960 is most important level to watch on weekly closing basis.if nickel break 850 on weekly closing basis then 740 will be next channel target on long term view.

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