MTECHTIPS MCX NICKEL INTRADAY trading tips 22-11-2016
MTECHTIPS MCX Nickel is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on SELL signal and Nickel is coming down from overbought level For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 760-741-717-701-694-693-. Immediate resistance for Nickel is 780
Short term and Intraday Level of NICKEL
Currently Nickel is in HOLD SHORT position Nickel is in sideways and sellers was at high so for short term better buy above 798.4 or hold with stop at 738.3 The next resistance will be at 777.1 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 798.4 with a stop at 764 Below 753.6 go for sell and put stop at 788.