European Meeting Optimism

December, 5, 2011 ( 03:00pm ) :-  All markets including stocks & Commodities are moving towards upward direction on the strong cues comes on the expiring today.
Little bit Volatile comes over the settlement in MCX today. Gold & Silver contracts are expiring today.
Dow Jones Industrial average future up by80 points from the optimism coming from the European Countries.
All European Countries getting financial aid from the side of IMF which is provided through the European Central Bank.
Nifty have strong resistance at 5150 levels  under this level  short term trend still bearish side.
Gold have strong support at Rs 28960 above this trend bullish under this trend down for short term.

Nickel Inventory Levels Increases

November, 25, 2011 (01:40pm) :-  After 17 November, we inventory level of Nickel continue on rise due to lack of demand & the Chinese slow down due to the high inflection rate.
Surge in the inventory level providing downside slope in the technical charts in nickel.
Inventory levels recovered from the low of 83,320 tone to 86,286 tone in hand on market exchange.
MCX Nickel monthly future settlement next week. The prices of Nickel looking Continuously week or may be range of 870 - 940.
New demand occurs after the Christmas.
We expects that Nickel prices could be in of Rs 800 - Rs 1040 levels hill Feb. 2012 expiry.