MTECHTIPS MCX NICKEL INTRADAY trading tips 01-02-2017
MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Support for the Nickel is 665-.Resistance for the Nickel is 683-688-717-726-727-
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 688.9 or hold with stop at 636.5 The next resistance will be at 680.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 688.9 with a stop at 666.8 Below 660.3 go for sell and put stop at 682.4.