Nickel Long Term Positional View 14-Dec-2014

Nickel Analysis 14-Dec-2014
Swing High: 2247
Swing Low: 453

Retracement Levels: 857, 1137 (done), 1350, 1561, 1719, 1862, 2247 (100%).

If Nickel Supported by 453, 787, I expect 1660.
If Nickel Supported by 787 upside targets are: 1279, 1394, 1583, 1660.
If Nickel supported by 899, upside targets are: 1279, 1394, 1506, 1578, 1695.

Nickel High Level Chart

Short Term:

If crude supported by 1010.60, I expect 1066, 1073, 1093-1100, 1113.
Breakout Levels: 1010/1067.


Based on My Weekly Chart,
Retracement Levels: 875, 1137 (done), 1350, 1561, 1719, 1862.

If Nickel supported by 453, 787, 899, I expect 1279 and 1332 first.
My Targets are: 1279, 1328-1332, 1407, 1539, 1664-1666, 1871-1875, 1998, 2204.

If Nickel supported by 899, I expect 1279, 1392-1394, 1466, 1506, 1578-1583, 1695.


My Targets are: 1279, 1328-1332, 1392-1394, 1407, 1466, 1506, 1578-1583, 1664-1666, 1695, 1790, 1871-1875, 1998, 2204.
My Ultimate targets are: 1279, 1580, 1690, 1870, 2204.



Trade Idea:
Buy Nickel on dips with Strict SL 1009. Below 1009, my short term view will be changed.

TRADE AT YOUR RISK.

Positional View of Nickel 23-Nov-2014

Positoinally I expect big up move in Nickel. Check my chart for targets.

If nickel supported by 899, I expect 1280, 1390, 1575, 1695.

If nickel supoported by 916, I expect 1044, 1060 soon. We may see downside correction from 1060 levels. Will update once we reach there.

Possible moves at present:

Nickel Positional View Update 19-Aug-2014

If Nickel supported by 1119/1118, we may see upside retracement.
Retracement Levels: 1129(done already), 1136, 1141, 1146, 1150, 1154, 1164(100%).

If 1119 supports and if 1134.20 is end of wave A, then wave C targets are:
1134.20, 1137, 1138, (1143), 1149.

Reversal from any of the retracement levels/wave C targets, I woul like to see 1119 first.
Further targets on the down side are: 1109, 1103, [1092], 1075, 1064, 1060, [1047].

Positional View Given on 13th August.

Morning View 19-Aug-2014

Nickel
If nickel supported 1119/1118, I expect abc correction which targets 1134, 1143. CMP 1122.90

Nickel Positional View 13-Aug-2014

CMP 1146.80.

If my wave counts are correct, then my view of Nickel is as follows:

Based on Daily Timeframe,
If Nickel Restricted By 1176, 1194, 1280, I expect big correction in Nickel. Downside targets: 1110.50, 1091.21, 1079, 1059.40, 1047.30

Retracement levels: 1107.50, 1053.82, 1000.8.

Based on 1H,
If 1164, 1176 restricts, I expect 1127, 1116, 1109, 1097.

Based on 15M,
If 1164 restricts, I expect 1138, 1130, 1128, 1121.

Best Sell entry would be 1150-1157
STOP LOSS 1165/1177/1196.


Targets & SL:
L1: 1138, 1130, 1128, 1121. SL 1165/1170
L2: 1127, 1116, 1109, 1097. SL 1177/1180
L3: 1107.50, 1053.82, 1000.8. SL 1196/1200.

Nickel View 30-June-2014

Nickel Short Term View:
This view is valid as long 1086, 1071, 1047 supports. Below 1047 bear.

As long as 1086, 1071, 1047 holds supports, we will see 1157, 1164, 1169, 1225+.

Based on 1H chart, I expect retracment. Retracement levels are:1124(minium), 1119 - 1113 (Normal), 1107, 1102, 1086.30 (100%).
Any reversal from these levels, we will see first 1137.

Positional Calls Update

NYMEX Crude

14-05-2014 09:27: Targets for BULLS. ie., 100.4, 101, 101.4, 102.18, 102.65, 103.35, 103.93, (Achieved) 104.98, 105.21, 110.50, 112.09, 129.48, 132.49.

MCX Crude

12-05-2014 10:00 and 14-05-2014 05:16: If 5973, 5962, 5933 holds support, up move is in track. Upside targets would be 6194-6202, 6227-6241, 6335-6339, 6414, 6549. Immediate upside target would be 6093-6105.There may be pull backs. NOW as long as 5930 holds support, buy on dips is the strategy. I am in buy from 5978.

http://freetradingcallss.blogspot.in/2014/06/crude-positional-call-given-on.html

MCX Natural Gas

27 May 2014

If 253.40, 254.10 holds support we can see NG upside move. Targets: 262, 263.21, 268.7, 272.43, 278.16, 281.74, 286.86, 293.45.

Now, the entry should be on pull back towards 255-258 with strict SL 253.

http://freetradingcallss.blogspot.in/2014/05/ng-positional-view.html

USDINR

4 June 2014

If 61.19, 63.88 resists, we can see down move. Downside targets are: 57.73, 56.60, 56.08, 53.76.

Based on this view, currently wave b correction is in place, if 58.34 holds support, we will see 59.43, 59.76, 60.35 and max 61.19.

It should not go above to 61.19. If it crosses 61.19, then next resistance is 63.88.

http://freetradingcallss.blogspot.in/2014/06/usd-inr-view-4-june-2014.html

MCX Nickel

8 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.

http://freetradingcallss.blogspot.in/2014/06/nickel-08-june-2014.html

MCX Gold

 Gold View 13-June-2014

As per my analysis, if 25755 holds support, we may see 26932, 27660 positionally. The main trend of Gold is Down as per my analysis. This up move is just a retracement. This view will be correct if and if only 25755 holds support.

 http://freetradingcallss.blogspot.in/2014/06/gold-view-13-june-2014.html

Positional Calls in Base Metals 13-06-2014

Buy at the below levels if you get. Stop Loss is strict. Never hold when stop loss hit.

Alum between 107.9-107.5, SL 106.8
New entry 108 - 107.55
Nickel between 1068-1057, SL 1040
zinc between 123-122.5, SL 122
Lead between 122.50-122, SL 121.5

Targets will update later.

Technical Analysis of Nickel

Technical Analysis of Nickel

 

Nickel can be bought with minimum  SL of 1230 for targets 1275, 1299, 1341, 1409.