MTECHTIPS MCX NICKEL INTRADAY trading tips 19-12-2018
MTECHTIPS Nickel is bearish for medium-long term.Currently Nickel is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Nickel is in HOLD SHORT position and Nickel closed below 1 week low with volume signals down breakout.Positionally Immediate support for Nickel is 753.Resistance for the Nickel is 780-781-784-835-862-883- Short term and Intraday Level of NICKEL Nickel and closed below 1 week low with volume signals down breakoutCurrently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy only above 792.9 or hold with stop at 756.3 The oscillator is showing BUY signal Intraday Trend- Buy is advised above 775.4 with a stop at 749.4 Below 741.8 go for sell
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