Outlook & trading strategies for Nickel, Natural Gas by Tradebulls Sec

Nickel took support around 900 and then bounced back till 932

Indian rupee, once again, breached 76 levels on the upside because of the rise in infection cases of Covid-19 in India. Strong US dollar and sell-off in Indian indices have made Rupee vulnerable. We expected the Rupee to test 75.20-75 levels before retracing back and Rupee retraced around 75.50 levels. Any strength in Rupee is only expected below 75. Once again, we expect the Rupee to continue its journey till 76.60-77 levels.

Gold spot price is trading around $1,700 and in the past three trading session, gold is confined in a narrow range of $1,690-$1,715. Risk appetite is increasing with opening