MTECHTIPS MCX NICKEL INTRADAY trading tips 02-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 02-01-2017

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 713-715-728-732-745-750-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD SHORT position Nickel is moving sideways so short term investor better to buy only above 707.7 with stop at 677.8 The Nickel is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 691.2 with a stop at 678.8 Below 675.6 go for sell
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