MTECHTIPS MCX NICKEL INTRADAY trading tips 21-09-2016
MTECHTIPS Nickel is in long- short-medium- short- term bull phase .Currently Nickel is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 669-667-664-643-.Resistance for the Nickel is 692.
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel is in sideways and sellers was at high so for short term better buy above 695.1 or hold with stop at 642.5 The next resistance will be at 688.8 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 695.1 with a stop at 682.6 Below 679.3 go for sell and put stop at 691.9.