Nickel for February contract, at MCX, is trading at Rs.1,279.20 per kg (up by 0.15%) after opening at Rs. 1,277.00 against the previous close price of Rs. 1,277.30 with intra-day high of Rs. 1,282.60 till the trading. (At 11:12 AM today).
As we are bullish in this counter from the lower level of 1250 and our target near to 1300-1310 which was achieved and thereafter again it will side... Crucial level watch out 1275.. and think to fresh buy only above 1310.........
This counter bullish trend in this counter and 1251.00 level above chart show at bullish trend in this counter and again 1251.00 level above maintain up trend in this counter and up side touch at 1317.00 level and 1340.0 level in coming trading days so 1251.00 level above buy position maintain and exit at only 1200.00 level below in buy position exit because downward indication at market this level below..........
Nickel for February contract, at MCX, is trading at Rs.1,306.40 per kg (up by 0.95%) after opening at Rs. 1,296.00 against the previous close price of Rs. 1,294.10 with intra-day high of Rs. 1,310.80 till the trading. (At 02:35 PM today).
Nickel futures gained in the domestic market due to tracking firm trends at the London Metal Exchange (LME). Three month delivery surged 1.3% to $28,730 a ton on LME due to concern that global economic recovery will boost the demand outlook for the metals in U.S and China. The U.S. Department of Labor released better than expected unemployment data on Friday.
The unemployment rate declined to 9% in January, lowest level since April 2009, from 9.4% in December. Market was expecting for 9.5%.
Nickel for February contract, at MCX, is trading at Rs.1,307.50 per kg (up by 1.04%) after opening at Rs. 1,296.00 against the previous close price of Rs. 1,294.10 with intra-day high of Rs. 1,310.80 till the trading. (At 05:07 PM today).
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