MTECHTIPS MCX NICKEL INTRADAY trading tips 17-10-2016
MTECHTIPS MCX Nickel is in perfect uptrend .Currently Nickel is moving sideways The oscillator is showing BUY signal .In last 1 month volatality 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 BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 690-687-685-684-682-662-. Immediate resistance for Nickel is 721
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD LONG position Nickel is in profit booking mode so hold with stop at 696 The Nickel is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 704.6 with a stop at 693.8 Below 691.2 go for sell and put stop at 702.