Monday, 23 March 2015

News and Research on Base Metals

MCX July Nickel has developed a “falling wedge” chart pattern on daily charts. The final leg of the pattern wave e has completed at 848 levels. Now the focus has shifted on upside to test the immediate target/resistance at 907 levels, on a sustainable close above the same will confirm the short-term up trend to 924 and 948 levels. However, downside support lies at 870 levels.

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