MTECHTIPS MCX NICKEL INTRADAY trading tips 27-09-2016
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 686-676-675-670-646-. Immediate resistance for Nickel is 715
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 694 The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 703.7 with a stop at 689.7 Below 686 go for sell with stop at 699.9.