MTECHTIPS MCX NICKEL INTRADAY trading tips 14-10-2016
MTECHTIPS MCX Nickel is in perfect uptrend .Currently Nickel is moving sideways The oscillator is showing SELL signal .In last 1 month volatility is very less and fresh Buy can be considered in the Nickel if it close above721 or buy with strict stop at 661. The oscillator is showing SELL signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 691-687-684-682-660-. Immediate resistance for Nickel is 721
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 695 The Nickel is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 705.6 with a stop at 691.1 Below 687.3 go for sell with stop at 701.7.