MTECHTIPS MCX NICKEL INTRADAY trading tips 29-09-2016
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 686-684-680-673-648-. Immediate resistance for Nickel is 721
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position Nickel is in sideways and sellers was at high so for short term better buy above 727.5 or hold with stop at 685.2 The next resistance will be at 718.5 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 is advised only above 727.5 with a stop at 696.5 Below 687.1 go for sell and put stop at 718.1.