MTECHTIPS MCX NICKEL INTRADAY trading tips 27-12-2016

MTECHTIPS MCX NICKEL INTRADAY trading tips 27-12-2016

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 675.Resistance for the Nickel is 716-727-743-744-753-766-
Short term and Intraday Level of NICKEL
Currently Nickel is in SELL position The Nickel is in downtrend For short term buy only if close above 720.0 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 709.4 with a stop at 683 Below 675.1 go for sell
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