MTECHTIPS MCX NICKEL INTRADAY trading tips 26-12-2016

MTECHTIPS MCX NICKEL INTRADAY trading tips 26-12-2016

MTECHTIPS Mcx Nickel is bearish for medium-long term .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 Immediate support for Nickel is 699.Resistance for the Nickel is 716-726-744-750-759-769-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position The Nickel is in downtrend For short term buy only if close above 735.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 745.3 but caution- close Below low5 fresh selling can occur The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 722.6 with a stop at 697.1 Below 689.5 go for sell
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