MTECHTIPS MCX NICKEL INTRADAY trading tips 22-12-2016

MTECHTIPS MCX NICKEL INTRADAY trading tips 22-12-2016

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 719-710-.Resistance for the Nickel is 743-759-767-772-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is in down trend so buy above 751.0 The sell will again come if below 724.4 The Nickel is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 741.6 with a stop at 727.7 Below 724 go for sell
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