31 Aug 2021 ● 07:26 AM
Since May 2021, Nickel is moving higher in a rising channel. In today's trading session, Nickel has broken out from the near-term falling channel with a gap. Nickel is possibly headed higher towards the upper end of the rising channel which is currently pegged at 20740. The 20DMA and the 40DEMA are currently pegged at 19127 and 19127 respectively. On the way down, both the key averages will provide support in case of any correction/pullback.