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MTECHTIPS MCX NICKEL INTRADAY trading tips 13-01-2017

Thursday, January 12, 2017 22:04
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MTECHTIPS MCX NICKEL INTRADAY trading tips 13-01-2017




MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is moving sideways The oscillator is on BUY Signal and Nickel is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the Nickel if it close above730 or buy with strict stop at 658. The oscillator is on BUY Signal and Nickel is recovering from oversold level For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 694-693-.Resistance for the Nickel is 717-722-728-747-

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 715.7 or hold with stop at 661.1 The next resistance will be at 725.4 The oscillator is showing SELL signal

Intraday Trend- Buy above 715.7 and keep stop below 688 Target is 728.2 next 748.9 Below 675.5 trend reversal can occur and next level is 654.8




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