MTECHTIPS MCX NICKEL INTRADAY trading tips 07-10-2016
MTECHTIPS MCX Nickel is in long- short-medium- term bull phase .Currently Nickel is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Nickel above 721 or buy with strict stop at 639. The oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 679-654-.Resistance for the Nickel is 690-692-696-
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 685.0 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 694.3 with a stop at 678.9 Below 674.7 go for sell and put stop at 690.1.