MTECHTIPS MCX NICKEL INTRADAY trading tips 05-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 05-01-2017

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 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 Support for the Nickel is 693-.Resistance for the Nickel is 715-716-728-740-746-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 682 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 710.7 with a stop at 689.6 Below 683.5 go for sell with a stop at 704.6
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