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MCX Nickel buying and selling forecast and methods updated for 08th February 2016, Monday.

MCX Nickel witnessing selling pressure from trend line resistance zone as shown in above image this will favor bears as long as it holds below.

If nickel falls further then on down side it will find strong trend line support at its previous bottom. If it woun`t take that support and closes below 542 then further weakness can be seen in coming days.

Suggested reading - Click to read article on Different methods of buying and selling.

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