MTECHTIPS MCX NICKEL INTRADAY trading tips 24-11-2016
MTECHTIPS MCX The 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 on SELL signal and Nickel is coming down from overbought level For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 765-753-726-707-696-695-. Immediate resistance for Nickel is 803
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 815.2 with stop at 738.3 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 815.2 with a stop at 789.4 Below 781.9 go for sell and put stop at 807.7.