MTECHTIPS MCX NICKEL INTRADAY trading tips 08-11-2016
MTECHTIPS MCX Nickel is in perfect uptrend .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Nickel is 696-689-686-683-680-. Immediate resistance for Nickel is 753
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel has crossed the high so for short term better buy above 764.5 with stop at 690.3 The oscillator is showing BUY signal
Intraday Trend- Buy above 764.5 and keep stop below 731 Target is 779.8 next 805.2 Below 715.7 trend reversal can occur and next level is 690.4.