MTECHTIPS MCX NICKEL INTRADAY trading tips 20-12-2016

MTECHTIPS MCX NICKEL INTRADAY trading tips 20-12-2016

MTECHTIPS Mcx Nickel is in long- term bull phase .Currently Nickel is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Nickel is in SELL position.Positionally Support for the Nickel is 718-709-.Resistance for the Nickel is 742-767-770-774-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below715.4 Buy if above 776.9 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 725.1 or sell below 715.4 with stop loss at 747.5 Buy if open above 747.5 or buy above 757.3 with stop loss at 725.1.

WWW.MTECHTIPS.COM
07489294118-119