MTECHTIPS MCX NICKEL INTRADAY trading tips 03-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 03-01-2017

MTECHTIPS Mcx Nickel Below 722 Remain Sell Tgts 645 And 500

Mcx Nickel Future This Week Closed At 685 With Loss. This Was Sixth Losing Week For Nickel Future And In These 6 Weeks Nickel Prices Slumped From 821 Highs To Lows Of 677 Rupees. Total 150 Rupee Loss In Short Period.

In January Series, Nickel Prices Might Continue Downtrend And Technically Below 722 Rupee Remain Weak And Sell. On Downside My Positional Targets Are 645 And Then 600 Rupees. Mcx Nickel Daily Chart Indicators Are Oversold But Weekly Chart Indicators Are Bearish And Suggesting Deep Downside For Nickel Prices In 2017.
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