MTECHTIPS MCX NICKEL INTRADAY trading tips 19-09-2016
MTECHTIPS MCX Nickel is in long- term bull phase .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 641-.Resistance for the Nickel is 666-670-674-677-692.
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 669.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 676.0 but caution- close Below low5 fresh selling can occur The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 659.9 with a stop at 642.8 Below 637.9 go for sell.