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MTECHTIPS MCX NICKEL INTRADAY trading tips 04-01-2017

Wednesday, January 4, 2017 0:14
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MTECHTIPS MCX NICKEL INTRADAY trading tips 04-01-2017

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MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Nickel is now trading in oversold level. The Nickel is now trading in oversold level. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Immediate support for Nickel is 675.Resistance for the Nickel is 703-715-721-728-742-746-

Short term and Intraday Level of NICKEL

 

Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy only above 701.9 with stop at 678.7 The Nickel is now trading is approaching oversold level. The oscillator is on BUY Signal and Nickel is recovering from oversold level

Intraday Trend- Buy is advised above 697.2 with a stop at 676.5 Below 670.5 go for sell

WWW.MTECHTIPS.COM

 

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