MCX Nickel Report: 21st August 2019

Insignia Consultants

New Delhi

Wednesday, 21 August 2019

TIME 9:24AM IST                          

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MCX NICKEL REPORT

Nickel can be very volatile in the short term. In the long term, nickel is very bullish. I expect nickel prices to double in MCX in next fifteen months. Switch from electric vehicles by India will be the key driver of nickel. Indian nickel demand will dictate global nickel prices (after twelve months).

Nickel August 2019: (previous day close/CMP Rs.1123.10):

  • Nickel needs to trade over 1110-1120 zone to rise to 1154 and 1180.
  • Crash will be there below 1110.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

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