MTECHTIPS MCX NICKEL INTRADAY trading tips 06-10-2016
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 SELL signal For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 653-.Resistance for the Nickel is 684-690-691-698-
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 693.0 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 685.1 with a stop at 670.5 Below 666.6 go for sell and put stop at 681.1.