MTECHTIPS MCX NICKEL INTRADAY trading tips 10-04-2017
MTECHTIPS Nickel is bearish for medium-long term .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 650-647-.Resistance for the Nickel is 667-691-692-711-
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel is in profit booking mode so hold with stop at 648 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 668.2 with a stop at 650.5 Below 645.4 go for sell and put stop at 663.2
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