Mcx Nickel Report : 30th January 2019

Insignia Consultants

New Delhi

Wednesday, January 30, 2019

TIME 9:12 AM IST                   

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MCX NICKEL REPORT

Chinese markets will be closed from next week. All industrial metals can see very sharp two way moves anytime.

TECHNICAL VIEW

Nickel January 2019: (previous day close/CMP Rs.871.00):

Bullish over 840.50 with 888.00 and 925.00 as price target.

Bearish below 828.50 with 819.10 and 809.10 as price target.

One Support: 855.80

One Resistance: 888.00

o      Nickel can rise to 910 as long as it trades over 858.

o      Small sell off will be there below 858.

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. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)
US session starts at 6pm pm Indian Standard Time (+5:30 GMT)
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
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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