MTECHTIPS MCX NICKEL INTRADAY trading tips 30-12-2016

MTECHTIPS MCX NICKEL INTRADAY trading tips 30-12-2016

MTECHTIPS Mcx Nickel is bearish for medium-long term .Currently Nickel is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Nickel is now trading in oversold level. The Nickel is now trading in oversold level. 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 715-721-728-737-745-754-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is moving sideways with low volatality so short term investor better to buy if close above 726.8 close below 677.8 Sell will happen. The Nickel is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 700.9 and Sell if below670.5
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