Golden Investment Research Private Limited
Date: 20.01.2012
Goldennifty said, MCX Nickel zoomed by 3% or Rs 29.5 at Rs 1015.5 per kg on Thursday 19th January, with its intraday trading level high at Rs 1017.6 per kg and low at Rs 987.1 per kg. Nickel breached the resistance level of Rs 1008.9 per kg. www.goldennifty.com
Depreciation in Rupee also bolstered the metal to end with huge gains. At LME, Lead surged to a 2-month high by 0.4% to $19,525 per tonne. www.goldennifty.com
The solid bond auctions held in the debt ridden economies of Europe such as France and Spain coupled with the consecutive drop in US jobless claims underpinned the sentiment. http://www.goldennifty.com
MCX Nickel is likely to find support at Rs 1009 per kg to Rs 998 per kg and resistance at Rs 1018 per kg to Rs 1022 per kg on Friday, 20th January. http://www.goldennifty.com
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