MTECHTIPS MCX NICKEL INTRADAY trading tips 03-10-2016
MTECHTIPS MCX Nickel is in perfect uptrend .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 694-686-681-676-675-650-. Immediate resistance for Nickel is 721
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy if close above 718.5 closing below 685.2 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 718.9 with a stop at 694.8 Below 687.8 go for sell and put stop at 711.8.