INTRADAY - MCX - NICKEL (03-AUGUST-2020)

Nickel (Expiry: 31-Aug-2020 ) - Technical Analysis Report for Dated (03-August-2020). Based On Bollinger Band, Moving Average, RSI, HakeinAshi Candle, Previous Day Volume and Open Interest Indicator, Nickel is Trading in Perfect Down Trend. Bearish Zone - If Trading Price Sustained Below 1036.2 can Touch Down Side Levels 1029.3. || Bullish Zone - If Trading Price Sustained Above 1043.5, can Touch Up Side Levels 1056.3

If Price Trading Between 1041.2 And 1043.5, Then It Indicates Nickel Trading in Confusing Trend. Safe Trader Avoid Trading Till LTP Sustain Above 1043.5 OR Sustain Below 1041.2   || Other Traders Can Create Buying Positions Between 1041.2 And 1043.5 With StopLoss Below 1041.2 For The Targets 1048.8 And 1056.3 OR Create Selling Positions Between 1041.2 And 1043.5 With StopLoss Above 1043.5 For The Targets 1036 And 1029.3

TRADING RULES GIVEN ONLY TO PAID MEMBERS - (ONE TIME CHARGES - LIFE TIME SERVICE)

Trading Calls - When Market Opens In Negative Zone (Below 1041.2)

Nickel Buy At 1036.7 Target=1040.9 SL=1034.6

Trading Calls - When Market Moving From Negative To Positive Zone

Nickel Buy Above 1042.6 Target=1048.2 SL=1039.8

Trading Calls - When Market Opens In Positive Zone (Above 1043.5)

Nickel Sell At 1048.8 Target=1046 SL=1050.2

Trading Calls - When Market Moving From Positive To Negative Zone

Nickel Sell Below 1042.1 Target=1036.5 SL=1044.9