Sunday 8 June 2014

Nickel 08-June-2014

I expect Nickel to move down upto 1080-1045. And from there I expect a strong reversal, which targets minimum 1280. Next targets on the upside are: 1327, 1500+. Stop loss can be determined once the reversal starts.

CMP 1107.60.
For any sell strict SL should be 1145/1160.


Gave retracement level 1099, Made Low 1100.90. Now I expect Nickel to move up towards 1130-1140. from this moves high, I expect Nickel move towards 1080-1045. Let us see how this progresses.