MTECHTIPS MCX NICKEL INTRADAY trading tips 10-10-2016
MTECHTIPS MCX Nickel is in long- term bull phase .Currently Nickel is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is on SELL signal and Nickel is coming down from overbought level For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 655-.Resistance for the Nickel is 685-686-690-693-694-
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position Nickel is in down trend so buy above 685.0 The sell will again come if below 663.7 The Nickel is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 690.2 with a stop at 675.6 Below 671.7 go for sell.