December 9, 2016

MTECHTIPS MCX NICKEL INTRADAY trading tips 22-09-2016

MTECHTIPS Nickel is in perfect uptrend .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 BUY signal For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 686-670-669-665-643-. Immediate resistance for Nickel is 697
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 697.5 with stop at 642.5 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 697.5 with a stop at 686 Below 683.1 go for sell and put stop at 694.6.

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