MTECHTIPS MCX NICKEL INTRADAY trading tips 29-11-2016

MTECHTIPS MCX NICKEL INTRADAY trading tips 29-11-2016

MTECHTIPS MCX Nickel is in perfect uptrend .Currently Nickel is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 774-769-740-714-700-699-. Immediate resistance for Nickel is 819
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 785 The Nickel is now trading is approaching overbought level. The oscillator is on SELL signal and Nickel is coming down from overbought level
Intraday Trend- Buy is advised above 806 with a stop at 777.5 Below 769 go for sell with stop at 797.6

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