MTECHTIPS MCX NICKEL INTRADAY trading tips 21-10-2016
MTECHTIPS MCX Nickel is in long- term bull phase .Currently Nickel is moving sideways The oscillator is showing SELL signal and has moved down its previous low. The oscillator is showing SELL signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 667-.Resistance for the Nickel is 685-692-693-695-
Short term and Intraday Level of NICKEL
Currently Nickel is in SELL position Nickel has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below666.4 Buy if above 701.4 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 684 with a stop at 670.1 Below 666.4 go for sell.