MTECHTIPS MCX NICKEL INTRADAY trading tips 05-10-2016
MTECHTIPS MCX Nickel is in long- term bull phase .Currently Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Nickel is 652-.Resistance for the Nickel is 683-689-691-699-
Short term and Intraday Level of NICKEL
Currently Nickel is in SELL position Nickel has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below657 Buy if above 716.5 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 686.5 with a stop at 663.7 Below 657 go for sell.