MTECHTIPS MCX NICKEL INTRADAY trading tips 01-11-2016
MTECHTIPS Nickel is in perfect uptrend .Currently Nickel is moving sideways The oscillator is showing BUY signal but has moved past its recent high and the positive trend is still continuing. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 686-685-681-678-675-. Immediate resistance for Nickel is 712
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy only above 708.6 with stop at 675.2 The Nickel is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 706.6 with a stop at 690.5 Below 686 go for sell.