MTECHTIPS MCX NICKEL INTRADAY trading tips 06-01-2017

MTECHTIPS MCX NICKEL INTRADAY trading tips 06-01-2017

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 oscillator is showing SELL signal For short term Nickel is in HOLD SHORT position.Positionally Support for the Nickel is 690-.Resistance for the Nickel is 711-715-728-737-746-
Short term and Intraday Level of NICKEL

Currently Nickel is in HOLD LONG position Nickel is moving sideways so short term investor better to buy only above 704.4 or hold with stop at 680.1 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 703.5 with a stop at 691.7 Below 688.7 go for sell
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