November 22, 2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 09-02-2017

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is in strong uptrend but volume is unsatisfactory 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 Nickel is in HOLD LONG position.Positionally Support for the Nickel is 684-679-675-.Resistance for the Nickel is 716-719-727-
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 710.2 with stop at 681.1 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 710.2 with a stop at 697.1 Below 693.6 go for sell and put stop at 706.8
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