MCX Nickel Report: 8th March 2019

Insignia Consultants

New Delhi

Friday, March 8, 2019

TIME 9:18 AM IST                       

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MCX NICKEL REPORT

Trend after 7pm will be the key for gold and silver today. Nickel if it falls today will move into a short term bearish phase.

Nickel March 2019: (previous day close/CMP Rs.920.60):

  • Key support till Monday is at 896.30.
  • Nickel needs to trade over 896.30 till Monday to try and rise to 943-950 zone.
  • Small sell off will be there below 911.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
The analyses are based on closing price of previous day. Maintaining proper stop loss is always recommended.
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