MTECHTIPS MCX NICKEL INTRADAY trading tips 10-08-2017
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 660-648-628-608-604-600-. Immediate resistance for Nickel is 696
Short term and Intraday Level of NICKEL Currently Nickel is in HOLD LONG position Nickel has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 693.6 with stop at 649.2 The Nickel is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 693.6 with a stop at 682.6 Below 679.8 go for sell and put stop at 690.