MTECHTIPS MCX NICKEL INTRADAY trading tips 08-08-2017


MTECHTIPS MCX NICKEL INTRADAY trading tips 08-08-2017

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 652-640-621-607-600-597-. Immediate resistance for Nickel is 667

Short term and Intraday Level of NICKELCurrently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 652 The Nickel is now trading in highly overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 669.1 with a stop at 658.9 Below 656.4 go for sell with a stop at 666.6

 

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