MTECHTIPS MCX NICKEL INTRADAY trading tips 24-10-2016
MTECHTIPS MCX Nickel is bearish for medium-long term.Currently Nickel is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Immediate support for Nickel is 663.Resistance for the Nickel is 674-684-690-692-694-
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 686.0 The Nickel is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 673.5 with a stop at 662.5 Below 659.7 go for sell.