Nickel April contract on mcx inched 5.40 rupees down to settle at 946.60. Today support would be 943 any failure below that level would bring 933-923. Resistance is now seen near 962 any sustained move above that level would bring more charm and then retest to 970-980 may take place.
Nickel trading range for the day is expected among the key support at 940 and resistance at 970.
Â· Today again selling below 943 with stop loss above 950 for targeting 937-931-26 and more down side.
Â· Buying above 962 with stop loss below 950 for targeting 970 and more.
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