Tag Archives: bse nickel

Nickel Outlook for the Week (April 29,2019 – May 03,2019)

EquityPandit’s Outlook for Nickel for the week (April 29,2019 – May 03,2019):

NICKEL:

 

NICKEL

 
Technically on the daily charts we see minor support on the downside for Nickel Mcx Future lies in zone of 870- 860 levels, whereas minor resistance on the upside is capped around 925-930 levels.

If Nickel Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Nickel Mcx Future can head towards major support on lower side around 840- 845 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Nickel Mcx Future can head towards higher levels around 950- 960

Currently Nickel Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 950- 960 on upside and 840- 845 on downside.

Nickel Outlook for the Week (April 22,2019 – April 26,2019)

EquityPandit’s Outlook for Nickel for the week(April 22, 2019 – April 26, 2019):

NICKEL:

 

NCIKELMCX

 
Technically on the daily charts we see minor support on the downside for Nickel Mcx Future lies in zone of 870- 860 levels, whereas minor resistance on the upside is capped around 925-930 levels.

If Nickel Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Nickel Mcx Future can head towards major support on lower side around 840- 845 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Nickel Mcx Future can head towards higher levels around 950- 960

Currently Nickel Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 950- 960 on upside and 840- 845 on downside.

 

Nickel Outlook for the Week (April 08, 2019 – April 12, 2019)

EquityPandit’s Outlook for Nickel for the week(April 08, 2019 – April 12, 2019):

NICKEL:

 

NICKELMCX
Sideways movement has been seen in Nickel MCX, No major buying or selling attraction has been seen. Technically on the daily charts we see minor support on the downside for Nickel Mcx Future lies in zone of 880- 885 levels, whereas minor resistance on the upside is capped around 925-930 levels.

If Nickel Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Nickel Mcx Future can head towards major support on lower side around 870- 875 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Nickel Mcx Future can head towards higher levels around 950- 960

Currently Nickel Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 950- 960 on upside and 870- 875 on downside.

Nickel Outlook for the Week (April 01, 2019 – April 05, 2019)

EquityPandit’s Outlook for Nickel for the week (April 01, 2019 – April 05, 2019):

NICKEL:

 

NICKEL

 
Technically on the daily charts we see minor support on the downside for Nickel Mcx Future lies in zone of 870- 872 levels, whereas minor resistance on the upside is capped around 920-922 levels.

If Nickel Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Nickel Mcx Future can head towards major support on lower side around 840- 842 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Nickel Mcx Future can head towards higher levels around 960-970

Currently Nickel Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 960- 970 on upside and 840- 842 on downside.

Nickel Outlook for the Week (Mar 25, 2019 – Mar 29, 2019)

EquityPandit’s Outlook for Nickel for the week  (Mar 25, 2019 – Mar 29, 2019) :

NICKEL:

 

NICKELMCX

 
Technically on the daily charts we see minor support on the downside for Nickel Mcx Future lies in zone of 870- 872 levels, whereas minor resistance on the upside is capped around 920-922 levels.

If Nickel Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Nickel Mcx Future can head towards major support on lower side around 840- 842 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Nickel Mcx Future can head towards higher levels around 960-970

Currently Nickel Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 960- 970 on upside and 840- 842 on downside.

Nickel Outlook for the Week (Mar 18, 2019 – Mar 22, 2019)

EquityPandit’s Outlook for Nickel for the week  (Mar 18, 2019 – Mar 22, 2019) :

NICKEL:

 

NICKELMCX
Technically on the daily charts we see minor support on the downside for Nickel Mcx Future lies in zone of 870- 872 levels, whereas minor resistance on the upside is capped around 920-922 levels.

If Nickel Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Nickel Mcx Future can head towards major support on lower side around 840- 842 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Nickel Mcx Future can head towards higher levels around 960-970

Currently Nickel Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 960- 970 on upside and 840- 842 on downside.

Nickel Outlook for the Week (Mar 11, 2019 – Mar 15, 2019)

EquityPandit’s Outlook for Nickel for the week  (Mar 11, 2019 – Mar 15, 2019) :

NICKEL:

 

NICKEL 1

 
Technically on the daily charts we see minor support on the downside for Nickel Mcx Future lies in zone of 967- 970 levels, where as minor resistance on the upside is capped around 910- 912 levels.

If Nickel Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Nickel Mcx Future can head towards major support on lower side around 858- 860 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Nickel Mcx Future can head towards higher levels around 1009- 1010

Currently Nickel Mcx Future is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 967- 970 on upside and 910- 912 on downside.

Nickel Outlook for the Week (Mar 05, 2019 – Mar 08, 2019)

EquityPandit’s Outlook for Nickel for the week  (Mar 05, 2019 – Mar 08, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 910 to 920 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and high for the month of October-2018 are lying. During the week the commodity manages to hit a high of 950 and close the week around the levels of 935.

Minor support for the commodity lies in the zone of 920 to 925. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 860 to 870 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and high for the month of October-2018 & February-2019 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 890 – 900 on downside & 980 – 990 on upside.

Nickel Outlook for the Week (Feb 25, 2019 – Mar 01, 2019)

EquityPandit’s Outlook for Nickel for the week  (Feb 25, 2019 – Mar 01, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 4.20%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 890 to 900. Resistance for the commodity lies in the zone of 910 to 920 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and high for the month of October-2018 are lying. During the week the commodity manages to hit a high of 929 and close the week around the levels of 918.

Minor support for the commodity lies in the zone of 890 to 900. Support for the commodity lies in the zone of 860 to 870 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 840 to 850 where break out levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 910 to 920 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and high for the month of October-2018 are lying.

Broad range for the commodity in the coming week can be seen between 860 – 870 on downside & 940 – 950 on upside.

Nickel Outlook for the Week (Feb 18, 2019 – Feb 22, 2019)

EquityPandit’s Outlook for Nickel for the week  (Feb 18, 2019 – Feb 22, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.60%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 890 to 900. Support for the commodity lies in the zone of 870 to 880 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 840 to 850 where break out levels and long term moving averages are lying. During the week the commodity manages to hit a low of 858 and close the week around the levels of 881.

Support for the commodity lies in the zone of 860 to 870 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 840 to 850 where break out levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 890 to 900. Resistance for the commodity lies in the zone of 910 to 920 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and high for the month of October-2018 are lying.

Broad range for the commodity in the coming week can be seen between 840 – 850 on downside & 920 – 930 on upside.

Nickel Outlook for the Week (Feb 11, 2019 – Feb 15, 2019)

EquityPandit’s Outlook for Nickel for the week  (Feb 11, 2019 – Feb 15, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 910 to 920 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and high for the month of October-2018 are lying. During the week the commodity manages to hit a high of 956 and close the week around the levels of 896.

Minor support for the commodity lies in the zone of 890 to 900. Support for the commodity lies in the zone of 870 to 880 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 840 to 850 where break out levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 910 to 920 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and high for the month of October-2018 are lying.

Broad range for the commodity in the coming week can be seen between 860 – 870 on downside & 950 – 960 on upside.

Nickel Outlook for the Week (Feb 4, 2019 – Feb 8, 2019)

EquityPandit’s Outlook for Nickel for the week  (Feb 4, 2019 – Feb 8, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 7.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 850 to 860 where long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 880 to 890 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 908 and close the week around the levels of 906.

Minor support for the commodity lies in the zone of 890 to 900. Support for the commodity lies in the zone of 870 to 880 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 840 to 850 where break out levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 910 to 920 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and high for the month of October-2018 are lying.

Broad range for the commodity in the coming week can be seen between 860 – 870 on downside & 950 – 960 on upside.

Nickel Outlook for the Week (Jan 28, 2019 – Feb 1, 2019)

EquityPandit’s Outlook for Nickel for the week  (Jan 28, 2019 – Feb 1, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 850 to 860 where long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 880 to 890 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 846 and close the week around the levels of 843.

Support for the commodity lies in the zone of 800 to 810 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 760 to 770 where break out levels are lying.

Resistance for the commodity lies in the zone of 850 to 860 where long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 880 to 890 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 780 – 790 on downside & 870 – 880 on upside.

Nickel Outlook for the Week (Jan 21, 2019 – Jan 25, 2019)

EquityPandit’s Outlook for Nickel for the week  (Jan 21, 2019 – Jan 25, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 4.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 790 to 800 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 820 to 830 where medium term moving averages are lying. During the week the commodity manages to hit a high of 843 and close the week around the levels of 838.

Support for the commodity lies in the zone of 800 to 810 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 760 to 770 where break out levels are lying.

Resistance for the commodity lies in the zone of 850 to 860 where long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 880 to 890 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 780 – 790 on downside & 870 – 880 on upside.

Nickel Outlook for the Week (Jan 07, 2019 – Jan 11, 2019)

EquityPandit’s Outlook for Nickel for the week  (Jan 07, 2019 – Jan 11, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 4.00%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 725 to 735. Support for the commodity lies in the zone of 700 to 710 where the commodity has taken multiple support in the month of December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 670. During the week the commodity manages to hit a low of 735 and close the week around the levels of 774.

Minor support for the commodity lies in the zone of 750 to 760. Support for the commodity lies in the zone of 730 to 740 where low for the month of December-2018 and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017.

Resistance for the commodity lies in the zone of 790 to 800 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 820 to 830 where medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 730 – 740 on downside & 800 – 810 on upside.

Nickel Outlook for the Week (Dec 31, 2018 – Jan 04, 2019)

EquityPandit’s Outlook for Nickel for the week  (Dec 31, 2018 – Jan 04, 2019) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 2.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 750 to 760 where long term Fibonacci levels and low for the month of November-2018 are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017. During the week the commodity manages to hit a low of 735 and close the week around the levels of 743.

Minor support for the commodity lies in the zone of 725 to 735. Support for the commodity lies in the zone of 700 to 710 where the commodity has taken multiple support in the month of December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 670.

Resistance for the commodity lies in the zone of 750 to 760 where long term Fibonacci levels and low for the month of November-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 790 to 800 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 710 – 720 on downside & 780 – 790 on upside.

Nickel Outlook for the Week (Dec 24, 2018 – Dec 28, 2018)

EquityPandit’s Outlook for Nickel for the week  (Dec 24, 2018 – Dec 28, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 4.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 800 to 810 from where the commodity broke down from consolidation and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 830 to 840 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a high of 793 and close the week around the levels of 758.

Support for the commodity lies in the zone of 750 to 760 where long term Fibonacci levels and low for the month of November-2018 are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017.

Minor resistance for the commodity lies in the zone of 770 to 780. Resistance for the commodity lies in the zone of 800 to 810 from where the commodity broke down from consolidation and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 830 to 840 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 710 – 720 on downside & 780 – 790 on upside.

Nickel Outlook for the Week (Dec 17, 2018 – Dec 21, 2018)

EquityPandit’s Outlook for Nickel for the week  (Dec 17, 2018 – Dec 21, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 760 to 770 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017. During the week the commodity manages to hit a low of 771 and close the week around the levels of 790.

Support for the commodity lies in the zone of 760 to 770 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017.

Resistance for the commodity lies in the zone of 800 to 810 from where the commodity broke down from consolidation and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 830 to 840 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 760 – 770 on downside & 820 – 830 on upside.

Nickel Outlook for the Week (Dec 10, 2018 – Dec 14, 2018)

EquityPandit’s Outlook for Nickel for the week  (Dec 10, 2018 – Dec 14, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that support for the commodity lies in the zone of 760 to 770 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017. During the week the commodity manages to hit a low of 762 and close the week around the levels of 781.

Support for the commodity lies in the zone of 760 to 770 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017.

Resistance for the commodity lies in the zone of 800 to 810 from where the commodity broke down from consolidation and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 830 to 840 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 740 – 750 on downside & 810 – 830 on upside.

Nickel Outlook for the Week (Dec 03, 2018 – Dec 07, 2018)

EquityPandit’s Outlook for Nickel for the week  (Dec 03, 2018 – Dec 07, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 780 to 790 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of around 800 to 810 from where the commodity broke down from consolidation and Fibonacci levels are lying. During the week the commodity manages to hit a high of 782 and close the week around the levels of 774.

Support for the commodity lies in the zone of 760 to 770 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017.

Resistance for the commodity lies in the zone of 780 to 790 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of around 800 to 810 from where the commodity broke down from consolidation and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 720 – 740 on downside & 810 – 830 on upside.

Nickel Outlook for the Week (Nov 26, 2018 – Nov 30, 2018)

EquityPandit’s Outlook for Nickel for the week  (Nov 26, 2018 – Nov 30, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 6.40%.

As we have mentioned last week, that support for the commodity lies in the zone of 800 to 810 where long term Fibonacci levels and break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 770 to 780. During the week the commodity manages to hit a high of 810 and close the week around the levels of 765.

Support for the commodity lies in the zone of 760 to 770 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where the commodity has taken multiple support in the month of December-2017.

Resistance for the commodity lies in the zone of 780 to 790 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of around 800 to 810 from where the commodity broke down from consolidation and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 710 – 730 on downside & 800 – 820 on upside.

Nickel Outlook for the Week (Nov 19, 2018 – Nov 23, 2018)

EquityPandit’s Outlook for Nickel for the week  (Nov 19, 2018 – Nov 23, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 820 to 830 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 808 and close the week around the levels of 815.

Support for the commodity lies in the zone of 800 to 810 where long term Fibonacci levels and break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 770 to 780.

Minor resistance for the commodity lies in the zone of 825 to 835. Resistance for the commodity lies in the zone of 850 to 860 from where the commodity broke down from October-2018 low. If the commodity manages to close above these levels then the commodity can move to the levels of around 880 to 890 from where the commodity broke down from September-2018 low and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 770 – 780 on downside & 850 – 860 on upside.

Nickel Outlook for the Week (Nov 12, 2018 – Nov 16, 2018)

EquityPandit’s Outlook for Nickel for the week  (Nov 12, 2018 – Nov 16, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 4.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 840 to 850 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 820 to 830 where long term Fibonacci levels are lying. During the week the commodity manages to hit a low of 824 and close the week around the levels of 830.

Support for the commodity lies in the zone of 820 to 830 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 850 to 860 from where the commodity broke down from October-2018 low. If the commodity manages to close above these levels then the commodity can move to the levels of around 880 to 890 from where the commodity broke down from September-2018 low and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 790 – 800 on downside & 860 – 870 on upside.

Nickel Outlook for the Week (Oct 29, 2018 – Nov 02, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 29, 2018 – Nov 02, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 5.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018. During the week the commodity manages to hit a low of 861 and close the week around the levels of 865.

Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 820 to 830 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 880 to 890 from where the commodity broke down from September-2018 low and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 820 – 830 on downside & 910 – 920 on upside.

Nickel Outlook for the Week (Oct 22, 2018 – Oct 26, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 22, 2018 – Oct 26, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 2.00%.

As we have mentioned last week, that minor support for the commodity lies around 920 to 930. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018. During the week the commodity manages to hit a low of 895 and close the week around the levels of 915.

Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Minor resistance for the commodity lies around 930 to 940. Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 870 – 880 on downside & 940 – 950 on upside.

Nickel Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 15, 2018 – Oct 19, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 0.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 963 and close the week around the levels of 933.

Minor support for the commodity lies around 920 to 930. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Minor resistance for the commodity lies around 940 to 945. Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 970 – 980 on upside.

Nickel Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 08, 2018 – Oct 12, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 3.70%.

As we have mentioned last week, that minor resistance for the commodity lies around 930 to 940. Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 960 and close the week around the levels of 940.

Minor support for the commodity lies around 920 to 930. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 980 – 990 on upside.

Nickel Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 01, 2018 – Oct 05, 2018) :

NICKEL:

 

NICKEL 2

 

NICKEL closed the week on negative note losing around 4.80%.

As we have mentioned last week, that minor support for the commodity lies around 930 to 940. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018. During the week the commodity manages to hit a low of 903 and close the week around the levels of 913.

Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Minor resistance for the commodity lies around 930 to 940. Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 870 – 880 on downside & 940 – 950 on upside.

Nickel Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Nickel for the week  (Sep 24, 2018 – Sep 28, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 6.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 957 and close the week around the levels of 953.

Minor support for the commodity lies around 930 to 940. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 980 – 990 on upside.

Nickel Outlook for the Week (Sep 17, 2018 – Sep 21, 2018)

EquityPandit’s Outlook for Nickel for the week  (Sep 17, 2018 – Sep 21, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and short & medium term moving averages are lying. During the week the commodity manages to hit a high of 913 and close the week around the levels of 893.

Support for the commodity lies in the zone of 870 to 880 from where the commodity broke out in the month of April-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of around 820 to 830 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 860 – 870 on downside & 930 – 940 on upside.

Nickel Outlook for the Week (Sep 10, 2018 – Sep 14, 2018)

EquityPandit’s Outlook for Nickel for the week  (Sep 10, 2018 – Sep 14, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 2.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out. During the week the commodity manages to hit a low of 880 and close the week around the levels of 889.

Support for the commodity lies in the zone of 870 to 880 from where the commodity broke out in the month of April-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of around 820 to 830 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 950 to 960 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 850 – 860 on downside & 920 – 930 on upside.

Nickel Outlook for the Week (Sep 03, 2018 – Sep 07, 2018)

EquityPandit’s Outlook for Nickel for the week  (Sep 03, 2018 – Sep 07, 2018) :

NICKEL:

 

NICKELM 2

 

NICKEL closed the week on negative note losing around 3.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 956 and close the week around the levels of 909.

Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out.

Minor resistance for the commodity lies around 920 to 930. Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 870 – 880 on downside & 950 – 960 on upside.

Nickel Outlook for the Week (Aug 27, 2018 – Aug 31, 2018)

EquityPandit’s Outlook for Nickel for the week  (Aug 27, 2018 – Aug 31, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 959 and close the week around the levels of 934.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 960 – 970 on upside.

Nickel Outlook for the Week (Aug 20, 2018 – Aug 24, 2018)

EquityPandit’s Outlook for Nickel for the week  (Aug 20, 2018 – Aug 24, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 0.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 968 and close the week around the levels of 946.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 910 – 920 on downside & 970 – 980 on upside.

Nickel Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Nickel for the week  (Aug 13, 2018 – Aug 17, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 2.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 914 and close the week around the levels of 952.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 910 – 920 on downside & 970 – 980 on upside.

Nickel Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Nickel for the week  (Aug 06, 2018 – Aug 10, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 900 and close the week around the levels of 926.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 890 – 900 on downside & 960 – 970 on upside.

Nickel Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Nickel for the week  (July 30, 2018 – Aug 03, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 917 and close the week around the levels of 941.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 910 – 920 on downside & 960 – 970 on upside.

Nickel Outlook for the Week (July 23, 2018 – July 27, 2018)

EquityPandit’s Outlook for Nickel for the week  (July 23, 2018 – July 27, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 2.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 907 and close the week around the levels of 925.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 950 – 960 on upside.

Nickel Outlook for the Week (July 16, 2018 – July 20, 2018)

EquityPandit’s Outlook for Nickel for the week  (July 16, 2018 – July 20, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 920 to 930 from where the commodity broke out of February-2018 high. During the week the commodity manages to hit a low of 934 and close the week around the levels of 953.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 960 to 970. Resistance for the commodity lies in the zone of 980 to 990 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1010 to 1020 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 980 – 990 on upside.

Nickel Outlook for the Week (July 09, 2018 – July 13, 2018)

EquityPandit’s Outlook for Nickel for the week  (July 09, 2018 – July 13, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 6.20%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a low of 954 and close the week around the levels of 960.

Support for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 920 to 930 from where the commodity broke out of February-2018 high.

Resistance for the commodity lies in the zone of 980 to 990 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1010 to 1020 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 920 – 930 on downside & 1000 – 1010 on upside.

Nickel Outlook for the Week (July 02, 2018 – July 06, 2018)

EquityPandit’s Outlook for Nickel for the week  (July 02, 2018 – July 06, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.90%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a low of 994 and close the week around the levels of 1023.

Minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1050 – 1060 on upside.

Nickel Outlook for the Week (June 25, 2018 – June 29, 2018)

EquityPandit’s Outlook for Nickel for the week  (June 25, 2018 – June 29, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a low of 994 and close the week around the levels of 1039.

Minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1070 – 1080 on upside.

Nickel Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Nickel for the week  (June 18, 2018 – June 22, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018. During the week the commodity manages to hit a high of 1058 and close the week around the levels of 1032.

Minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1070 – 1080 on upside.

Nickel Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Nickel for the week  (June 11, 2018 – June 15, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 1000 to 1010. Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018. During the week the commodity manages to hit a high of 1060 and close the week around the levels of 1044.

Minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1070 – 1080 on upside.

Nickel Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Nickel for the week  (June 04, 2018 – June 08, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 3.60%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 985 to 990. Support for the commodity lies in the zone of 965 to 975 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 945 to 955 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 988 and close the week around the levels of 1030.

Minor support for the commodity lies in the zone of 1000 to 1010. Support for the commodity lies in the zone of 965 to 975 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 945 to 955 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 1000 to 1010. Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1050 – 1060 on upside.

Nickel Outlook for the Week (May 28, 2018 – June 01, 2018)

EquityPandit’s Outlook for Nickel for the week  (May 28, 2018 – June 01, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 0.20%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 985 to 990. Support for the commodity lies in the zone of 965 to 975 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 945 to 955 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 985 and close the week around the levels of 994.

Minor support for the commodity lies in the zone of 985 to 990. Support for the commodity lies in the zone of 965 to 975 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 945 to 955 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 1000 to 1010. Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 940 – 950 on downside & 1050 – 1060 on upside.

Nickel Outlook for the Week (May 21, 2018 – May 25, 2018)

EquityPandit’s Outlook for Nickel for the week  (May 21, 2018 – May 25, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 5.10%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 945 to 955. Resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060. During the week the commodity manages to hit a high of 1010 and close the week around the levels of 993.

Minor support for the commodity lies in the zone of 985 to 990. Support for the commodity lies in the zone of 965 to 975 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 945 to 955 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 1000 to 1010. Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 940 – 950 on downside & 1050 – 1060 on upside.

Nickel Outlook for the Week (May 14, 2018 – May 18, 2018)

EquityPandit’s Outlook for Nickel for the week  (May 14, 2018 – May 18, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 945 to 955. Resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060. During the week the commodity manages to hit a high of 950 and close the week around the levels of 947.

Minor support for the commodity lies in the zone of 930 to 935. Support for the commodity lies in the zone of 900 to 910 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 860 to 870 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 945 to 955. Resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 990 – 1000 on upside.

Nickel Outlook for the Week (May 07, 2018 – May 11, 2018)

EquityPandit’s Outlook for Nickel for the week  (May 07, 2018 – May 11, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 950 to 960. Resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060. During the week the commodity manages to hit a high of 947 and close the week around the levels of 934.

Support for the commodity lies in the zone of 900 to 910 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 860 to 870 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 945 to 955. Resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 970 – 980 on upside.

Nickel Outlook for the Week (Apr 30, 2018 – May 04, 2018)

EquityPandit’s Outlook for Nickel for the week  (Apr 30, 2018 – May 04, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 5.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060. During the week the commodity manages to hit a high of 984 and close the week around the levels of 923.

Support for the commodity lies in the zone of 900 to 910 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 860 to 870 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 950 to 960. Resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060.

Broad range for the commodity in the coming week can be seen between 860 – 870 on downside & 970 – 980 on upside.

Nickel Outlook for the Week (Apr 23, 2018 – Apr 27, 2018)

EquityPandit’s Outlook for Nickel for the week  (Apr 23, 2018 – Apr 27, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 8.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and high for the month of March-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 1095 and close the week around the levels of 981.

Support for the commodity lies in the zone of 930 to 940 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 from where the commodity broke out of February-2018 high.

Resistance for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 1050 to 1060.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 1050 – 1060 on upside.

Nickel Outlook for the Week (Apr 16, 2018 – Apr 20, 2018)

EquityPandit’s Outlook for Nickel for the week  (Apr 16, 2018 – Apr 20, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 5.10%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 865 to 870. Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and high for the month of March-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 916 and close the week around the levels of 905.

Minor support for the commodity lies in the zone of 870 to 880. Support for the commodity lies in the zone of 850 to 860 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 825 to 835 where Fibonacci levels and medium term moving averages are lying

Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and high for the month of March-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 860 – 870 on downside & 925 – 930 on upside.

Nickel Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

EquityPandit’s Outlook for Nickel for the week  (Apr 09, 2018 – Apr 13, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 0.90%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 845 to 855. Support for the commodity lies in the zone of 825 to 835 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation, Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 842 and close the week around the levels of 861.

Minor support for the commodity lies in the zone of 845 to 850. Support for the commodity lies in the zone of 825 to 835 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation, Fibonacci levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 865 to 870. Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and high for the month of March-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 890 – 900 on upside.

Nickel Outlook for the Week (Apr 02, 2018 – Apr 06, 2018)

EquityPandit’s Outlook for Nickel for the week  (Apr 02, 2018 – Apr 06, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 840 to 850 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation, Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 830 and close the week around the levels of 869.

Minor support for the commodity lies in the zone of 845 to 855. Support for the commodity lies in the zone of 825 to 835 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation, Fibonacci levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 865 to 870. Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels and high for the month of March-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 890 – 900 on upside.

Nickel Outlook for the Week (Mar 26, 2018 – Mar 28, 2018)

EquityPandit’s Outlook for Nickel for the week  (Mar 26, 2018 – Mar 28, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 4.50%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 875 to 880. Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation and medium term moving averages are lying. During the week the commodity manages to hit a low of 841 and close the week around the levels of 844.

Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation, Fibonacci levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 855 to 865. Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 800 – 810 on downside & 890 – 900 on upside.

Nickel Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)

EquityPandit’s Outlook for Nickel for the week  (Mar 12, 2018 – Mar 16, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 901 and close the week around the levels of 896.

Minor support for the commodity lies in the zone of 875 to 880. Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 930 – 940 on upside.

Nickel Outlook for the Week (Mar 05, 2018 – Mar 09, 2018)

EquityPandit’s Outlook for Nickel for the week  (Mar 05, 2018 – Mar 09, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.10%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 870 to 875. Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation and short term moving averages are lying. During the week the commodity manages to hit a low of 870 and close the week around the levels of 880.

Minor support for the commodity lies in the zone of 870 to 875. Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 930 – 940 on upside.

Nickel Outlook for the Week (Feb 26, 2018 – Mar 02, 2018)

EquityPandit’s Outlook for Nickel for the week  (Feb 26, 2018 – Mar 02, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 900 and close the week around the levels of 890.

Minor support for the commodity lies in the zone of 870 to 875. Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation and short term moving averages are lying.

Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 930 – 940 on upside.

Nickel Outlook for the Week (Feb 19, 2018 – Feb 23, 2018)

EquityPandit’s Outlook for Nickel for the week  (Feb 19, 2018 – Feb 23, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 6.40%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 850 to 855. Resistance for the commodity lies in the zone of 870 to 880 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 900 to 910 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 918 and close the week around the levels of 887.

Minor support for the commodity lies in the zone of 870 to 875. Support for the commodity lies in the zone of 840 to 850 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 800 to 810 from where the commodity broke out after consolidation and short term moving averages are lying.

Resistance for the commodity lies in the zone of 900 to 910 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 930 to 940 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 930 – 940 on upside.

Nickel Outlook for the Week (Feb 12, 2018 – Feb 16, 2018)

EquityPandit’s Outlook for Nickel for the week  (Feb 12, 2018 – Feb 16, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 3.80%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 855 to 860. Support for the commodity lies in the zone of 835 to 845 from where the commodity broke out of November-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of around 810 to 820 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 822 and close the week around the levels of 834.

Support for the commodity lies in the zone of 810 to 820 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 780 to 790 where the commodity has taken support in the month of January-2018.

Minor resistance for the commodity lies in the zone of 850 to 855. Resistance for the commodity lies in the zone of 870 to 880 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 900 to 910 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 800 – 810 on downside & 860 – 870 on upside.

Nickel Outlook for the Week (Feb 05, 2018 – Feb 09, 2018)

EquityPandit’s Outlook for Nickel for the week  (Feb 05, 2018 – Feb 09, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 870 to 880 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 900 to 910 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 898 and close the week around the levels of 867.

Minor support for the commodity lies in the zone of 855 to 860. Support for the commodity lies in the zone of 835 to 845 from where the commodity broke out of November-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of around 810 to 820 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 870 to 880 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 900 to 910 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 890 – 900 on upside.

Nickel Outlook for the Week (Jan 29, 2018 – Feb 02, 2018)

EquityPandit’s Outlook for Nickel for the week  (Jan 29, 2018 – Feb 02, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 7.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 815 to 820 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 835 to 840 where the commodity has formed a top in the month of November-2017. During the week the commodity manages to hit a high of 881 and close the week around the levels of 868.

Support for the commodity lies in the zone of 835 to 845 from where the commodity broke out of November-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of around 810 to 820 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 870 to 880 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 900 to 910 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 830 – 840 on downside & 890 – 900 on upside.

Nickel Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for Nickel for the week  (Jan 22, 2018 – Jan 25, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 780 to 790 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 760 to 765 where break out levels and short term moving averages are lying. During the week the commodity manages to hit a low of 782 and close the week around the levels of 808.

Support for the commodity lies in the zone of 780 to 790 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 760 to 765 where break out levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 815 to 820 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 835 to 840 where the commodity has formed a top in the month of November-2017.

Broad range for the commodity in the coming week can be seen between 770 – 780 on downside & 835 – 840 on upside.

Nickel Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for Nickel for the week  (Jan 15, 2018 – Jan 19, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 815 to 820 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 835 to 840 where the commodity has formed a top in the month of November-2017. During the week the commodity manages to hit a high of 838 and close the week around the levels of 804.

Support for the commodity lies in the zone of 780 to 790 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 760 to 765 where break out levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 815 to 820 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 835 to 840 where the commodity has formed a top in the month of November-2017.

Broad range for the commodity in the coming week can be seen between 770 – 780 on downside & 835 – 840 on upside.

Nickel Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for Nickel for the week  ( Jan 08, 2018 – Jan 12, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 780 to 790 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 815 to 820. During the week the commodity manages to hit a high of 815 and close the week around the levels of 794.

Support for the commodity lies in the zone of 780 to 790 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 760 to 765 where break out levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 815 to 820 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 835 to 840 where the commodity has formed a top in the month of November-2017.

Broad range for the commodity in the coming week can be seen between 750 – 760 on downside & 835 – 840 on upside.

Nickel Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for Nickel for the week  Jan 01, 2018 – Jan 05, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 1.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 775 to 780 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 810 to 815. During the week the commodity manages to hit a high of 792 and close the week around the levels of 783.

Support for the commodity lies in the zone of 755 to 760 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 740 to 745 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 780 to 790 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 815 to 820.

Broad range for the commodity in the coming week can be seen between 750 – 760 on downside & 810 – 820 on upside.

Nickel Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for Nickel for the week  (Dec 26, 2017 – Dec 29, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 4.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 775 to 780 from where the commodity has broken down. During the week the commodity manages to hit a high of 779 and close the week around the levels of 770.

Support for the commodity lies in the zone of 745 to 750 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 720 to 725 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 775 to 780 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 810 to 815.

Broad range for the commodity in the coming week can be seen between 745 – 750 on downside & 800 – 810 on upside.

Nickel Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for Nickel for the week  (Dec 18, 2017 – Dec 22, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 4.60%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 720 to 725. Resistance for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 775 to 780 from where the commodity has broken down. During the week the commodity manages to hit a high of 744 and close the week around the levels of 739.

Minor support for the commodity lies in the zone of 720 to 725. Support for the commodity lies in the zone of 700 to 705 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 670 to 675 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 775 to 780 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 700 – 705 on downside & 770 – 775 on upside.

Nickel Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for Nickel for the week  (Dec 11, 2017 – Dec 15, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 3.40%.

As we have mentioned last week, that support for the commodity lies in the zone of 700 to 710 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 670 to 675 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 693 and close the week around the levels of 706.

Support for the commodity lies in the zone of 700 to 705 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 670 to 675 where Fibonacci levels and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 720 to 725. Resistance for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 775 to 780 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 670 – 680 on downside & 730 – 740 on upside.

Nickel Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for Nickel for the week  (Dec 04, 2017 – Dec 08, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 5.50%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 760 to 765. Support for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 707 and close the week around the levels of 731.

Support for the commodity lies in the zone of 700 to 710 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 670 to 675 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 775 to 780 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 670 – 680 on downside & 770 – 780 on upside.

Nickel Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for Nickel for the week  (Nov 27, 2017 – Dec 01, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 770 to 780 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 800 to 810 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 779 and close the week around the levels of 774.

Minor support for the commodity lies in the zone of 760 to 765. Support for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 775 to 780 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 800 to 810 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 730 – 740 on downside & 800 – 810 on upside.

Nickel Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Nickel for the week  (Nov 20, 2017 – Nov 24, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 4.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 800 to 810 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 835 to 840 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 820 and close the week around the levels of 751.

Support for the commodity lies in the zone of 745 to 750 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 710 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 770 to 780 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 800 to 810 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 700 – 710 on downside & 780 – 790 on upside.

Nickel Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Nickel for the week  (Nov 13, 2017 – Nov 17, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 3.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 835 to 840 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 865 to 870 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 838 and close the week around the levels of 789.

Support for the commodity lies in the zone of 780 to 790 from where the commodity broke out of September-2017 and October-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of around 745 to 750 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 800 to 810 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 835 to 840 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 750 – 760 on downside & 830 – 840 on upside.

Nickel Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Nickel for the week  (Nov 06, 2017 – Nov 10, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 9.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 745 to 750 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 725 to 730 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a low of 742 and close the week around the levels of 820.

Support for the commodity lies in the zone of 800 to 810 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 780 to 790 from where the commodity broke out of September-2017 and October-2017 highs.

Resistance for the commodity lies in the zone of 835 to 840 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 865 to 870 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 780 – 790 on downside & 850 – 860 on upside.

Nickel Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Nickel for the week  (Oct 30, 2017 – Nov 03, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on negative note losing around 1.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 763 to 768 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of around 780 to 785 where Fibonacci levels and top for the month of September-2017 is lying. During the week the commodity manages to hit a high of 782 and close the week around the levels of 750.

Support for the commodity lies in the zone of 745 to 750 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 725 to 730 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 763 to 768 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of around 780 to 785 where Fibonacci levels and top for the month of September-2017 is lying.

Broad range for the commodity in the coming week can be seen between 720 – 725 on downside & 780 – 785 on upside.

Nickel Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Nickel for the week  (Oct 23, 2017 – Oct 27, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 760 to 765 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of around 780 to 785 where Fibonacci levels and top for the month of September-2017 is lying. During the week the commodity manages to hit a high of 786 and close the week around the levels of 761.

Support for the commodity lies in the zone of 745 to 750 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 715 to 720 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 763 to 768 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of around 780 to 785 where Fibonacci levels and top for the month of September-2017 is lying.

Broad range for the commodity in the coming week can be seen between 730 – 735 on downside & 780 – 785 on upside.

Nickel Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Nickel for the week  (Oct 16, 2017 – Oct 19, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (756.20) closed the week on positive note gaining around 9.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 705 to 710 where short term moving averages and Fibonacci levels for the commodity are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 723 to 728 from where the commodity has broken down from H&S pattern and Fibonacci levels are lying. During the week the commodity manages to hit a high of 757 and close the week around the levels of 756.

Support for the commodity lies in the zone of 745 to 750 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 715 to 720 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 760 to 765 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of around 780 to 785 where Fibonacci levels and top for the month of September-2017 is lying.

Broad range for the commodity in the coming week can be seen between 730 – 735 on downside & 780 – 785 on upside.

Nickel Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Nickel for the week  (Oct 09, 2017 – Oct 13, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (693.20) closed the week on positive note gaining around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 700 to 705 where break out levels and Fibonacci levels for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 723 to 728 from where the commodity has broken down from H&S pattern and Fibonacci levels are lying. During the week the commodity manages to hit a high of 708 and close the week around the levels of 693.

Support for the commodity lies in the zone of 680 to 685 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 650 to 655 where Fibonacci levels and 200 daily moving averages are lying.

Resistance for the commodity lies in the zone of 705 to 710 where short term moving averages and Fibonacci levels for the commodity are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 723 to 728 from where the commodity has broken down from H&S pattern and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 650 – 655 on downside & 730 – 735 on upside.

Nickel Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Nickel for the week  (Oct 03, 2017 – Oct 06, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (691.60) closed the week on positive note gaining around 0.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 680 to 685 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 650 to 655 where Fibonacci levels and 200 daily moving averages are lying. During the week the commodity manages to hit a low of 665 and close the week around the levels of 692.

Support for the commodity lies in the zone of 680 to 685 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 650 to 655 where Fibonacci levels and 200 daily moving averages are lying.

Resistance for the commodity lies in the zone of 700 to 705 where break out levels and Fibonacci levels for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 723 to 728 from where the commodity has broken down from H&S pattern and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 650 – 655 on downside & 725 – 730 on upside.

Nickel Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Nickel for the week  (Sep 25, 2017 – Sep 29, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (686.90) closed the week on negative note losing around 3.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 700 to 705 where break out levels and Fibonacci levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 680 to 685 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a low of 674 and close the week around the levels of 687.

Support for the commodity lies in the zone of 680 to 685 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 650 to 655 where Fibonacci levels and 200 daily moving averages are lying.

Resistance for the commodity lies in the zone of 700 to 705 where break out levels and Fibonacci levels for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 723 to 728 from where the commodity has broken down from H&S pattern and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 650 – 655 on downside & 725 – 730 on upside.

Nickel Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Nickel for the week  (Sep 18, 2017 – Sep 22, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (710.60) closed the week on negative note losing around 3.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 750 to 755 where break out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 720 to 725 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 693 and close the week around the levels of 711.

Support for the commodity lies in the zone of 700 to 705 where break out levels and Fibonacci levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 680 to 685 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 723 to 728 from where the commodity has broken down from H&S pattern and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 745 to 750.

Broad range for the commodity in the coming week can be seen between 680 – 685 on downside & 745 – 750 on upside.

 

Nickel Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Nickel for the week  (Aug 28, 2017 – Sep 01, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (729) closed the week on positive note gaining around 3.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 700 to 705 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 720 to 725 where Fibonacci level is lying. During the week the commodity manages to hit a high of 755 and close the week around the levels of 729.

Support for the commodity lies in the zone of 720 to 725 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 705 where Fibonacci level is lying..

Resistance for the commodity lies in the zone of 745 to 750 from where the commodity has sold off in the month of Feb-2017. If the commodity manages to close above these levels then the commodity can move to the levels of around 775 to 780 from where the commodity has sold off in the month of Dec-2016.

Broad range for the commodity in the coming week can be seen between 680 – 690 on downside & 760 – 770 on upside.

Nickel Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

NICKEL 1

 

NICKEL (704) closed the week on positive note gaining around 3.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 673 to 678 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 665 where break out levels and 200 daily moving averages are lying. During the week the commodity manages to hit a low of 664 and close the week around the levels of 704.

Minor support for the commodity lies in the zone of 690 to 695. Support for the commodity lies in the zone of 673 to 678 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 665 where break out levels and 200 daily moving averages are lying.

Resistance for the commodity lies in the zone of 700 to 705 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 720 to 725 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 660 – 670 on downside & 720 – 730 on upside.

 

 

Nickel Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Nickel for the week  (Aug 14, 2017 – Aug 18, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (681) closed the week on positive note gaining around 3.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 665 to 670 where 200 daily moving averages and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 680 to 685 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 703 and close the week around the levels of 681.

Support for the commodity lies in the zone of 673 to 678 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 665 where break out levels and 200 daily moving averages are lying.

Minor resistance for the commodity lies in the zone of 690 to 695. Resistance for the commodity lies in the zone of 700 to 705 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 720 to 725 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 650 – 660 on downside & 710 – 720 on upside.

Nickel Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Nickel for the week  (Aug 07, 2017 – Aug 11, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (659) closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 645 to 650. Support for the commodity lies in the zone of 625 to 630 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 605 to 610 where break out levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 648 and close the week around the levels of 659.

Minor support for the commodity lies in the zone of 645 to 650. Support for the commodity lies in the zone of 625 to 630 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 605 to 610 where break out levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 665 to 670 where 200 daily moving averages and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 680 to 685 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 620 – 625 on downside & 680 – 685 on upside.

Nickel Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Nickel for the week  (July 31, 2017 – Aug 04, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (656.90) closed the week on positive note gaining around 7.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 625 to 630 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 640 to 645. During the week the commodity manages to hit a high of 658 and close the week around the levels of 657.

Minor support for the commodity lies in the zone of 645 to 650. Support for the commodity lies in the zone of 625 to 630 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 605 to 610 where break out levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 665 to 670 where 200 daily moving averages and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 680 to 685 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 620 – 625 on downside & 680 – 685 on upside.

Nickel Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Nickel for the week  (July 24, 2017 – July 28, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (613.20) closed the week on absolutely flat note.

As we have mentioned last week, that the commodity has closed just above the major resistance zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts. During the week the commodity manages to hit a high of 627 and close the week around the levels of 613.

Minor support for the commodity lies in the zone of 605 to 608. Support for the commodity lies in the zone of 595 to 598 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 585 to 587 where short term moving averages are lying.

Resistance for the commodity lies in the zone of 625 to 630 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 640 to 645.

Broad range for the commodity in the coming week can be seen between 590 – 595 on downside & 625 – 630 on upside.

Nickel Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Nickel for the week  (July 17, 2017 – July 21, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (612.60) closed the week on positive note gaining around 5.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 580 to 583 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 555 to 560 where the commodity has formed a short term bottom. During the week the commodity manages to hit a low of 573 and close the week around the levels of 613.

Minor support for the commodity lies in the zone of 600 to 603. Support for the commodity lies in the zone of 580 to 583 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 555 to 560 where the commodity has formed a short term bottom.

The commodity has closed just above the major resistance zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 590 – 595 on downside & 625 – 630 on upside.

Nickel Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Nickel for the week  (July 10, 2017 – July 14, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (580.80) closed the week on negative note losing around 3.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts. During the week the commodity manages to hit a high of 613 and close the week around the levels of 581.

Support for the commodity lies in the zone of 580 to 583 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 555 to 560 where the commodity has formed a short term bottom.

Minor resistance for the commodity lies in the zone of 590 to 595. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 560 – 565 on downside & 600 – 605 on upside.

Nickel Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Nickel for the week  (July 03, 2017 – July 07, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (600.60) closed the week on positive note gaining around 2.70%.

As we have mentioned last week that minor support for the commodity lies in the zone of 575 to 578. Support for the commodity lies in the zone of 555 to 560 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying. During the week the commodity manages to hit a low of 578 and close the week around the levels of 600.

Minor support for the commodity lies in the zone of 588 to 592. Support for the commodity lies in the zone of 580 to 583 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 555 to 560 where the commodity has formed a short term bottom.

Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 575 – 580 on downside & 620 – 625 on upside.

Nickel Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Nickel for the week  (June 26, 2017 – June 30, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (584.60) closed the week on positive note gaining around 1.70%.

As we have mentioned last week that minor support for the commodity lies in the zone of 567 to 569. Support for the commodity lies in the zone of 555 to 560 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying. During the week the commodity manages to hit a low of 568 and close the week around the levels of 585.

Minor support for the commodity lies in the zone of 575 to 578. Support for the commodity lies in the zone of 555 to 560 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 595 to 600. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 565 – 570 on downside & 600 – 605 on upside.

Nickel Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Nickel for the week  (June 19, 2017 – June 23, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (574.70) closed the week on negative note losing around 0.30%.

As we have mentioned last week that support for the commodity lies in the zone of 575 to 580 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying. During the week the commodity manages to hit a low of 559 and close the week around the levels of 575.

Minor support for the commodity lies in the zone of 567 to 569. Support for the commodity lies in the zone of 555 to 560 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 581 to 583. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 555 – 560 on downside & 590 – 595 on upside.

Nickel Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Nickel for the week  (June 12, 2017 – June 16, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (576.60) closed the week on positive note gaining around 0.40%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 578 to 580. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts. During the week the commodity manages to hit a high of 581 and close the week around the levels of 577.

Support for the commodity lies in the zone of 575 to 580 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 585 to 590. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 555 – 560 on downside & 590 – 595 on upside.

Nickel Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Nickel for the week  (June 05, 2017 – June 09, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (574.10) closed the week on negative note losing around 1.90%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 592 to 595. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts. During the week the commodity manages to hit a high of 591 and close the week around the levels of 574.

Support for the commodity lies in the zone of 575 to 580 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 578 to 580. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 555 – 560 on downside & 590 – 595 on upside.

Nickel Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 29, 2017 – June 02, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (584.80) closed the week on negative note losing around 2.90%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 610 to 615. Resistance for the commodity lies in the zone of 625 to 635 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 609 and close the week around the levels of 585.

Support for the commodity lies in the zone of 575 to 580 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 592 to 595. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 565 – 570 on downside & 610 – 615 on upside.

Nickel Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 22, 2017 – May 26, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (602.50) closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the commodity lies in the zone of 590 to 593. Support for the commodity lies in the zone of 570 to 580. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying. During the week the commodity manages to hit a low of 580 and close the week around the levels of 602.

Minor support for the commodity lies in the zone of 592 to 595. Support for the commodity lies in the zone of 575 to 580 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 610 to 615. Resistance for the commodity lies in the zone of 625 to 635 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 580 – 585 on downside & 620 – 625 on upside.

Nickel Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 15, 2017 – May 19, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (599.20) closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 600 to 605. Resistance for the commodity lies in the zone of 630 to 635 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 605 and close the week around the levels of 599.

Minor support for the commodity lies in the zone of 590 to 593. Support for the commodity lies in the zone of 570 to 580. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 600 to 605. Resistance for the commodity lies in the zone of 630 to 635 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 560 – 565 on downside & 620 – 625 on upside.

Nickel Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 08, 2017 – May 12, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (589.70) closed the week on negative note losing around 3.10%.

As we have mentioned last week that support for the commodity lies in the zone of 600 to 605 from where the commodity broke out on weekly basis. If the commodity manages to close below these levels then the commodity can drift to the levels of around 570 to 580. During the week the commodity manages to hit a low of 575 and close the week around the levels of 590.

Support for the commodity lies in the zone of 570 to 580. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 600 to 605. Resistance for the commodity lies in the zone of 630 to 635 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 560 – 565 on downside & 620 – 625 on upside.

Nickel Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 01, 2017 – May 05, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (608.90) closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the commodity lies in the zone of 600 to 605 from where the commodity broke out on weekly basis. If the commodity manages to close below these levels then the commodity can drift to the levels of around 570 to 580. During the week the commodity manages to hit a low of 587 and close the week around the levels of 609.

Support for the commodity lies in the zone of 600 to 605 from where the commodity broke out on weekly basis. If the commodity manages to close below these levels then the commodity can drift to the levels of around 570 to 580.

Minor resistance for the commodity lies in the zone of 615 to 620. Resistance for the commodity lies in the zone of 635 to 640 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 580 – 585 on downside & 630 – 635 on upside.

Nickel Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Nickel for the week  (April 24, 2017 – April 28, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (604.80) closed the week on negative note losing around 3.50%.

As we have mentioned last week that support for the commodity lies in the zone of 625 to 627 where the commodity has formed a low in the month of March-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 600 to 605 from where the commodity broke out on weekly basis. During the week the commodity manages to hit a low of 601 and close the week around the levels of 605.

Support for the commodity lies in the zone of 600 to 605 from where the commodity broke out on weekly basis. If the commodity manages to close below these levels then the commodity can drift to the levels of around 570 to 580.

Minor resistance for the commodity lies in the zone of 615 to 620. Resistance for the commodity lies in the zone of 635 to 640 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 580 – 585 on downside & 630 – 635 on upside.

Nickel Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Nickel for the week  (April 17, 2017 – April 21, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (626.70) closed the week on negative note losing around 4.60%.

As we have mentioned last week that minor support for the commodity lies in the zone of 648 to 652. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 625 to 627 where the commodity has formed a low in the month of March-2017. During the week the commodity manages to hit a low of 625 and close the week around the levels of 627.

Support for the commodity lies in the zone of 625 to 627 where the commodity has formed a low in the month of March-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 600 to 605 from where the commodity broke out on weekly basis.

Minor resistance for the commodity lies in the zone of 635 to 640. Resistance for the commodity lies in the zone of 655 to 657 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 675 to 680 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 600 – 605 on downside & 650 – 655 on upside.

Nickel Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Nickel for the week  (April 10, 2017 – April 14, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (656.80) closed the week on positive note gaining around 2.60%.

As we have mentioned last week that resistance for the commodity lies in the zone of 655 to 657 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 675 to 680 where Fibonacci level is lying. During the week the commodity manages to hit a high of 673 and close the week around the levels of 657.

Minor support for the commodity lies in the zone of 648 to 652. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 625 to 627 where the commodity has formed a low in the month of March-2017.

Resistance for the commodity lies in the zone of 655 to 657 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 675 to 680 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 620 – 625 on downside & 680 – 690 on upside.

Nickel Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Nickel for the week  (April 03, 2017 – April 07, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (640.10) closed the week on a negative note losing around 0.65%.

As we have mentioned last week that resistance for the commodity lies in the zone of 655 to 657 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 675 to 680 where Fibonacci level is lying. During the week the commodity manages to hit a high of 653 and close the week around the levels of 640.

Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 625 to 627 where the commodity has formed a low in the month of March-2017.

Resistance for the commodity lies in the zone of 655 to 657 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 675 to 680 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 610 – 620 on downside & 670 – 680 on upside.

Nickel Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Nickel for the week (March 27, 2017 – March 31, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (671.90) closed the week on a negative note losing around 4.10%.

As we have mentioned last week that Minor support for the commodity lies in the zone of 660 to 665. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600. During the week the commodity manages to hit a low of 641 and close the week around the levels of 644.

Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600.

Resistance for the commodity lies in the zone of 655 to 657 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 675 to 680 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 610 – 620 on downside & 670 – 680 on upside.

Nickel Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Nickel for the week (March 20, 2017 – March 24, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (671.90) closed the week on a positive note gaining around 1.70%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 670 to 675. Resistance for the commodity lies in the zone of 680 to 685 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 695 to 700 where 200 Daily SMA is lying. During the week the commodity manages to hit a high of 680 and close the week around the levels of 672.

Minor support for the commodity lies in the zone of 660 to 665. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600.

Resistance for the commodity lies in the zone of 680 to 685 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 695 to 700 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 620 – 630 on downside & 700 – 710 on upside.

Nickel Outlook for the Week (March 13, 2017 – March 17, 2017)

EquityPandit’s Outlook for Nickel for the week (March 13, 2017 – March 17, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (660.50) closed the week on a negative note losing around 10.20%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 738 to 740. Resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis. During the week the commodity manages to hit a high of 740 and close the week around the levels of 660.50.

Minor support for the commodity lies in the zone of 650 to 655. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600.

Minor resistance for the commodity lies in the zone of 670 to 675. Resistance for the commodity lies in the zone of 680 to 685 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 695 to 700 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 600 – 610 on downside & 700 – 710 on upside.

Nickel Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Nickel for the week (March 06, 2017 – March 10, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (735.70) closed the week with a positive note gaining around 1.70%.

As we have mentioned last week that support for the commodity lies in the zone of around 718 to 720 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 700 to 705 from where the commodity broke out on intraday basis and Fibonacci levels are lying. During the week the commodity manages to hit a low of 720.70 and close the week around the levels of 735.70

Support for the commodity lies in the zone of around 718 to 720 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 700 to 705 from where the commodity broke out on intraday basis and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 738 to 740. Resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis.

Broad range for the commodity in the coming week can be seen between 710 – 715 on downside & 750 – 755 on upside.

Nickel Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Nickel for the week (February 27, 2017 – March 03, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (723.70) closed the week with a negative note losing around 2.20%.

As we have mentioned last week that resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis. During the week the commodity manages to hit a high of 745 and close the week around the levels of 723.70.

Support for the commodity lies in the zone of around 718 to 720 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 700 to 705 from where the commodity broke out on intraday basis and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 728 to 730. Resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis.

Broad range for the commodity in the coming week can be seen between 690 – 695 on downside and 740 – 745 on upside.

Nickel Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Nickel for the week (February 20, 2017 – February 24, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (739.70) closed the week with a positive note gaining around 4.10%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 715 to 718. Resistance for the commodity lies in the zone of 725 to 730 where Fibonacci level and highs for the month of January-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 748 to 750 where Fibonacci level is lying. During the week the commodity manages to hit a high of 740 and close the week around the levels of 740.

Support for the commodity lies in the zone of around 722 to 725 from where the commodity broke out of January-2017 highs and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 705 to 710 from where the commodity broke out on intraday basis and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis.

Broad range for the commodity in the coming week can be seen between 710 – 720 on downside and 760 – 765 on upside.

Nickel Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Nickel for the week (February 13, 2017 – February 17, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (710.80) closed the week with a positive note gaining around 3.10%.

Minor support for the commodity lies in the zone of around 696 to 700. Support for the commodity lies in the zone of 678 to 682 where Fibonacci level is lying and 200 Daily SMA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 650 to 655 from where the commodity broke out.

Minor resistance for the commodity lies in the zone of 715 to 718. Resistance for the commodity lies in the zone of 725 to 730 where Fibonacci level and highs for the month of January-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 748 to 750 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 680 – 685 on downside and 730 – 735 on upside.