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Thursday, March 16, 2017

Update on Basemetals 16 Mar 2017




Nickel





Nickel... Hurdle at 680 and support at 655

Close above 680 wil take to 705---720+++ mark.

Fresh selling can initiate only close below 655 mark.



Trade with levels only



Lead







Lead... Support at 144. If it unable to breach 144 then we will expect upside rally till 152---155 mark.


Intraday trend looks positive but trade with levels only


Zinc.. Hurdle at 185.50.

Break and sustain above 185.50 will take to 189---192+++ mark.


Support at 181.50




Aluminum








Aluminum.... Support at 121.50 and resistance at 124.50

Close above 124.50 will take to 127---128.50+++ mark.

Fresh selling can initiate only close below 121.50 mark

Trade with levels only












More will update soon!!