MTECHTIPS MCX NICKEL INTRADAY trading tips 28-09-2016
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 .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 686-680-678-671-647-. Immediate resistance for Nickel is 721
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 692 The Nickel is now trading is approaching overbought level. The oscillator is on SELL signal and Nickel is coming down from overbought level
Intraday Trend- Buy if open above 713.9 with a stop at 692.4 or buy above 723.2 Below 683.1 go for sell or sell if open below692.4.