Trend is bullish and showing tremendous strength in this counter.... Now we may consider support 1200 and resistance 1250.... Our target achieved just check yesterday high 1249.. still trend is bullish.
Trend is bullish and showing tremendous strength in this counter.... Now we may consider support 1200 and resistance 1250.... Above 1250 still bullish pattern and may test 1290-1300 on the card....... At that level also play for short sell.
Nickel for February contract, at MCX, is trading at Rs.1,264.60 per kg (up by 0.80%) after opening at Rs. 1,257.00 against the previous close price of Rs. 1,254.60 with intra-day high of Rs. 1,265.60 till the trading. (At 11:06 AM today).
Trend is bullish and showing tremendous strength in this counter.... Now we may consider support 1200 and resistance 1250.... It looks that short term up side likely over and it will face resistance 1290-1300 mark... reversal to sell side.
Nickel for February contract, at MCX, is trading at Rs.1,274.80 per kg (up by 0.20%) after opening at Rs. 1,279.10 against the previous close price of Rs. 1,272.20 with intra-day high of Rs. 1,280.60 till the trading. (At 11:09 AM today).
On 1st February 2011 (Tuesday), the domestic commodity markets were closed with a mixed trend. At MCX future, 3 out of 4 indexes closed with an upward trend.
In the MCX future, MCXCOMDEX closed at 3,335.32 after opening at 3,372.03, MCXMETAL closed at 4,216.09 after opening at 4,217.00 and MCXAGRI closed at 2,775.81 after opening at 2,958.45 while MCXENERGY closed negatively at 3,067.83 after opening at 3,071.63.
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Nice post thanks for this.I always search such type of topics.The way you tell about things is amazing,they are inspiring and helpful.Thanks for sharing your thoughts.