MTECHTIPS MCX NICKEL INTRADAY trading tips 04-11-2016
MTECHTIPS MCX Nickel is in perfect uptrend .Currently Nickel is showing some up move after small correction and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 687-686-684-681-678-. Immediate resistance for Nickel is 712
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position Nickel is in sideways so for short term better buy above 708.6 with stop at 690.3 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 709 with a stop at 694.9 Below 691.2 go for sell and put stop at 705.3.