Mcx Nickel Report: 9th October 2019

Insignia Consultants

New Delhi

Wednesday, 09 October 2019

TIME 9:10 AM IST                         

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MCX NICKEL REPORT

USA-China trade deal meeting is keep nickel and industrial metal traders on the edge. As of now, there are slim chances of a trade deal. This is preventing nickel from a rise. There can be very sharp two way moves in Nickel till Friday.

Nickel October 2019: (previous day close/CMP Rs.1253.20):

• Nickel needs to trade over 1237.40 to rise to 1280 AND 1305.
• Sellers will be there if nickel trades below 1237.40 to 1223.10 and 1205.60.
• Nickel needs a daily close over 1270 till Friday to zoom.

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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

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