MTECHTIPS MCX NICKEL INTRADAY trading tips 04-08-2017
MTECHTIPS 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 Nickel is now trading in overbought level. The Nickel is now trading in overbought level. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 643-633-617-608-597-596-. Immediate resistance for Nickel is 667Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy if close above 664.0 closing below 640.7 Sell will happen. The Nickel is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 667.9 with a stop at 656.7 Below 653.9 go for sell and put stop at 665.